During 2014, Its First Year of Operations, Jane's Bakery Had

question 152

Multiple Choice

During 2014, its first year of operations, Jane's Bakery had revenues of $65,000 and expenses of $33,000. The business paid cash dividends of $18,000. What is the balance in Retained Earnings at December 31, 2014?

• A) $0
• B) $18,000 debit
• C) $14,000 credit
• D) $32,000 credit

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Definitions:

Social Awareness

The understanding and sensitivity to the feelings, thoughts, and experiences of others, recognizing societal dynamics and complexities.

Emotional Intelligence

The ability to recognize, understand, and manage our own emotions and to recognize, understand, and influence the emotions of others.

Intrapersonal Intelligence

A type of intelligence that involves the capacity to understand oneself, including one's emotions, motivations, and thoughts.

Defensiveness

The inappropriate reaction to another’s behavior as though it were an attack.