During 2022 Its First Year of Operations Jane's Bakery Had

question 130

Multiple Choice

During 2022 its first year of operations Jane's Bakery had revenues of $130000 and expenses of $66000.The business paid cash dividends of $36000.What is the balance in Retained Earnings at December 31 2022?

• A)$0
• B)$36000
• C)$28000
• D)$64000

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Definitions:

Limit Inflow

Measures or policies set to restrict the amount of incoming resources, funds, or foreign currencies into a country or system.

Administrative Delays

Delays in processes or decision-making within an organization, often due to bureaucratic obstacles or inefficiency.

Limit Inflow

A measure or policy implemented to restrict the volume or quantity of something entering a particular system or area.

Infant Industries

Emerging sectors or businesses that are at the beginning stages of development and may be protected by a government to help them grow without foreign competition.