Tantramar Corporation Has the Following Shareholders Equity on July 31

question 11

Multiple Choice

Tantramar Corporation has the following shareholders equity on July 31, 2013:
-Assume that on June 15, 2014, Tantramar paid the preferred dividend for the current year (there were no dividends in arrears) and paid a dividend of $2 to each common shareholder. The company earned $45,000 in profit during 2014. The July 31, 2014 financial statements will show an ending balance in retained earnings of

• A) $500,000.
• B) $545,000.
• C) $475,000.
• D) $430,000.

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Definitions:

Suprahyoid

Referring to the group of muscles located above the hyoid bone, crucial for functions such as swallowing and tongue movement.

Flexor Pollicis Brevis

A muscle in the hand that flexes the thumb, contributing to the thumb's gripping function.

Hypothenar

The fleshy mass at the base of the little finger, composed of muscles used in controlling the movement of the pinky.

Palmar Interosseous

Muscles located on the palm of the hand, responsible for the movement and positioning of the fingers.