The Income Statement for August Indicates Net Income of $100,000

question 44

Multiple Choice

The income statement for August indicates net income of $100,000.The corporation also paid $25,000 in dividends during the same period.If the company is in operation for only one month and has no beginning balance in retained earnings, what is the ending balance in retained earnings?

• A) $75,000
• B) $100,000
• C) $20,000
• D) $125,000

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Definitions:

Antagonist

A molecule that inhibits or blocks a neurotransmitter’s action.

Neurotransmitter Receptor

A protein molecule located on the surface of cells, which binds to specific neurotransmitters and triggers a response in the cell.

Drug Molecule

A small molecular compound that interacts with biological systems to produce a therapeutic effect.

Endorphin Agonists

These are substances that mimic the action of endorphins, neurotransmitters in the brain that reduce pain and induce feelings of pleasure.