Beginning Retained Earnings Was $34,400

question 71

Multiple Choice

Beginning retained earnings was $34,400. Ending retained earnings was $61,600 and net income was $36,000. Cash paid as dividends was:

• A) $36,000
• B) $8,800
• C) $1,200
• D) $30,000

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Definitions:

Brain Stem

The brain stem is the lower extension of the brain, connected to the spinal cord, responsible for controlling essential life-sustaining functions like breathing and heart rate.

Cerebral Cortex

The outer layer of the cerebrum in the brain, involved in high-level functions such as sensory perception, reasoning, and voluntary muscle activity.

Sympathetic Nervous System

Part of the autonomic nervous system that activates what is often termed the fight or flight response.

Cerebellum

A portion of the brain involved in coordinating movement and balance, located beneath the cerebral hemispheres.