Use the Following Information for Questions
EI Greco Corporation

question 219

Multiple Choice

Use the following information for questions
EI Greco Corporation began operations on January 1, 2011.Presented below is selected information related to EI Greco at December 31, 2011. $$\begin{array} { l r l r } \text { Equipment } & € 145,000 & \text { Utilities Expense } & € 18,000 \\\text { Cash } & 42,000 & \text { Accounts Receivable } & 41,000 \\\text { Service Revenue } & 324,000 & \text { Wages Expense } & 121,000 \\\text { Rent Expense } & 39,000 & \text { Notes Payable } & 48,000 \\\text { Accounts Payable } & 22,000 & \text { Dividends } & 45,000 \\\text { Share Capital } & 84,000 & \text { Wages Payable } & 8,000 \\\text { Supplies } & 15,000 & \text { Advertising Expense } & 20,000\end{array}$$
-Retained earnings reported on the statement of financial position at December 31, 2011 is

• A)\(€ 165,000\)
• B) \(€ 126,000\)
• C) \(€ 84,000\)
• D) \(€ 81,000\)

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Definitions:

Tympanic Cavity

An air-filled space in the temporal bone of the skull behind the eardrum that contains the bones of the middle ear.

External Acoustic Meatus

The ear canal leading from the outer ear to the eardrum.

Oval Window

A membrane-covered opening that leads from the middle ear to the vestibule of the inner ear, where sound vibrations are transmitted.

Auditory Receptors

Receptor cells located in the cochlea of the inner ear that detect sound waves and convert them into neural signals for the brain to interpret.