During 2022, Its First Year of Operations, Jane's Bakery Had

question 125

Multiple Choice

During 2022, its first year of operations, Jane's Bakery had revenues of $130,000 and expenses of $66,000.The business paid cash dividends of $36,000.What is the balance in Retained Earnings at December 31, 2022?

• A)$0
• B)$36,000 debit
• C)$28,000 credit
• D)$64,000 credit

---

Definitions:

Enantiomers

Stereoisomers that are mirror images of each other and cannot be superimposed, significantly affecting the properties and biological activity of molecules.

Separated

Refers to the process of moving or being moved apart or the act of dividing or disassociating items from one another.

Distillation

A process used to separate mixtures based on differences in their volatilities in a boiling liquid mixture.

Stereochemical Configuration

The spatial arrangement of atoms in a molecule, determining its geometric structure and influencing its chemical properties and reactivity.