A Corporation Has Year End 2001 and 2002 Retained Earnings

question 61

Multiple Choice

A corporation has year end 2001 and 2002 retained earnings balances of $320,000 and $400,000,respectively. The firm reported net income after taxes of $100,000 in 2002. The firm paid dividendsin 2002 of___________ .

• A) $0
• B) $20,000
• C) $100,000
• D) $80,000

Comprehend the special considerations involved in contracts for the sale and purchase of real estate, including agent rights and liabilities.

Understand the principles of determining the appropriate length and detail for business plans and marketing plans.

Recognize the effective use of visuals and photos in marketing plans, including their placement and presentation.

Identify the key elements that should be included in strategic focus sections of marketing plans.

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Definitions:

Ego

In psychoanalytic theory, the part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.

Freud

Sigmund Freud was an Austrian neurologist known for founding psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Personality

The combination of characteristics or qualities that form an individual's distinctive character and behavioral patterns.

Id

In psychoanalytic theory, the part of the mind that is the source of instinctual impulses and demands for immediate satisfaction of primitive needs.