Crawford Company Started the Year with $30,000 in Its Common

question 214

Multiple Choice

Crawford Company started the year with $30,000 in its Common Stock account and a credit balance in Retained Earnings of $22,000. During the year, the company earned net income of $24,000 and declared and paid $10,000 of dividends. In addition, the company sold additional common stock amounting to $14,000. As a result, the amount of its retained earnings at the end of the year would be

• A) $80,000.
• B) $36,000.
• C) $66,000.
• D) $50,000.

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Definitions:

High-risk Situations

Scenarios or conditions that increase the likelihood of negative outcomes, such as accidents, diseases, or financial loss.

Gender Schema

A cognitive framework that organizes information relevant to gender, influencing how individuals perceive and interact with others based on gender norms and roles.

Traditionally Associated

Refers to things typically linked or connected due to cultural, historical, or common practice reasons.

Criticized By Peers

The act of receiving negative feedback or judgement from individuals of the same age group or social standing.