Use the Following Information for Questions

question 137

Multiple Choice

Use the following information for questions.
The balances in Belfast Inc.'s shareholders' equity accounts at December 31, 2020 are: At this, time, a financial reorganization was approved. Equipment was written down $ 101,800, and inventory increased $ 5,800.
-What will the balance in retained earnings be after the reorganization?

• A) $ 936,000
• B) $ (460,000)
• C) $ (268,000)
• D) $ 0

---

Definitions:

Blended Families

A family structure comprising of parents and their children from previous relationships together with any children they may have together.

Functionalism

A theoretical perspective in sociology and anthropology that explains social institutions and their roles in maintaining or disrupting social order.

Structural Changes

Alterations or transformations in the organizational, economic, or social structure of a system or society.

Caregiving Responsibilities

Obligations related to the care of dependents, such as children, elderly family members, or individuals with disabilities, often requiring time, emotional, and financial resources.