Marcos Inc

question 46

Multiple Choice

Marcos Inc.had net income for 2014 of $40,000.It declared and paid a $3,500 cash dividend in 2014.If the company's retained earnings for the end of the year was $38,200, what was the company's retained earnings balance at the beginning of 2014?

• A)$81,700
• B)$74,700
• C)$5,300
• D)$1,700

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Definitions:

Classifies Attributes

involves identifying and categorizing characteristics or qualities of individuals or objects based on specific criteria or standards.

Order Preferences

A term referring to the prioritization or arrangement of choices or interests according to a person's values, needs, or desires.

Observation

Observing behaviors of an individual to develop a deeper understanding of one or more specific behaviors (e.g., observing a student’s acting-out behavior in class or assessing a client’s ability to perform eye–hand coordination tasks to determine potential vocational placements). It includes time sampling, event sampling, and time and event sampling. It is a type of informal assessment.

Examiner

An individual who administers tests, evaluations, or assessments, often in the educational, psychological, or health-related fields.