Dawson Corporation Has the Following Information Available for 2014 Based on This Information, What Is Dawson's Retained Earnings Balance

question 75

Multiple Choice

Dawson Corporation has the following information available for 2014: $$\begin{array} { | l | c | } \hline & \text { (in millions) } \\\hline \text { Issued common stock } & \$ 45 \\\hline \text { Retired common stock } & \$ 65 \\\hline \text { Paid dividends } & \$ 75 \\\hline \text { Net income } & \$ 130 \\\hline \text { Beginning Common Stock balance } & \$ 625 \\\hline \text { Beginning Retained Earnings balance } & \$ 475 \\\hline\end{array}$$ Based on this information, what is Dawson's Retained Earnings balance at the end of the year?

• A) $680
• B) $530
• C) $420
• D) $605

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Definitions:

Hierarchy of Needs

A psychological theory proposed by Abraham Maslow that categorizes human needs into a five-level model, ranging from basic physiological needs to self-actualization.

ERG Theory

A motivational theory developed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth.

Two-Factor Theory

A psychological theory proposed by Herzberg that suggests there are two sets of factors affecting people's work motivation and satisfaction: hygiene factors and motivators.

Acquired Needs Theory

A motivational theory that suggests individuals are driven by their desire to fulfill specific needs acquired over time, such as achievement, affiliation, and power.