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

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Definitions:

Left Shift

A bitwise operation that shifts the bits of a binary number to the left by a specified number of positions, effectively multiplying the number by two.

Unsigned Integers

An integer data type that can only represent non-negative numbers.

Right Shift

A bitwise operation in C and C++ that shifts the bits of a number to the right, dividing the number by two for each shift position.

Arithmetic Shift

A bitwise operation that shifts the bits of its operand and fills the vacant positions with the most significant bit (for signed values), effectively multiplying or dividing the number by two.