If There Was No Beginning Retained Earnings, Net Income of $30,300

question 63

Multiple Choice

If there was no beginning retained earnings, net income of $30,300, and ending retained earnings of $8,000, how much were dividends?

• A) $38,300
• B) $22,300
• C) $6,000
• D) $8,000

---

Definitions:

Abolitionists

Individuals who advocated for and worked towards the end of slavery.

American Revolution

A period of political and military conflict (1775-1783) wherein thirteen of Britain’s North American colonies successfully established independence.

Harriet Martineau

An English social theorist and Whig writer, often cited as the first female sociologist, who studied and wrote extensively on social and political issues of her time.

Ex-Slaves

Ex-slaves, also known as freedmen, were individuals who had been enslaved and were released from slavery, facing numerous challenges in integrating into society and securing economic and civil rights post-emancipation.