Assuming the Balance in Retained Earnings at the End of Year

question 82

Multiple Choice

Assuming the balance in Retained Earnings at the end of year is $100,000, and that it decreased by 15% during the year. The balance in Retained Earnings at the beginning of the year was closest to:

• A)$120,000.
• B)$85,000.
• C)$117,647.
• D)$115,000.

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Definitions:

Hard Drive

A data storage device that uses magnetic storage to store and retrieve digital information using one or more rigid rapidly rotating disks coated with magnetic material.

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Ensuring protection from threats or unauthorized access, often referring to data, communications, or premises.

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Shelving units specifically designed for organizing and storing documents, folders, and files for easy access.