Nigiri Inc

question 207

Multiple Choice

Nigiri Inc. began operations on October 1, 2014. During October, Nigiri sold ordinary shares for ¥440,000,000, earned net income of ¥64,000,000, and paid dividends of ¥1,978,000. Retained earnings at the end of October is

• A) ¥504,000,000.
• B) ¥502,022,000.
• C) ¥64,000,000.
• D) ¥62,022,000.

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Definitions:

Positive Correlation

A relationship between two variables where they both increase or decrease together.

Negative Correlation

A relationship between two variables in which one variable increases as the other decreases.

Positive Correlation

A relationship between two variables where an increase in one variable corresponds with an increase in the other.

Personality

The combination of emotional, attitudinal, and behavioral response patterns of an individual, distinguishing one person from another.