For the Year Ended December 31, 2014, Transformers Inc

question 102

Multiple Choice

For the year ended December 31, 2014, Transformers Inc. reported the following: What would Transformers report as the ending balance of Retained Earnings?

• A) $417,000
• B) $399,000
• C) $384,000
• D) $381,000

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Definitions:

Negation

The logical operation that takes a proposition to its opposite in truth value, from true to false and vice versa.

Event

An occurrence or happening, particularly one of significance, that can be distinctly identified in time and space.

Probability

The quantification of the chances that a specific event will take place.

Disjunction

A logical operation that yields truth if at least one of its operands is true; often represented by the word "or".