Crawford Company Started the Year with $60000 in Its Common

question 93

Multiple Choice

Crawford Company started the year with $60000 in its Common Stock account and a balance in Retained Earnings of $44000.During the year the company earned net income of $48000 and declared and paid $20000 of dividends.In addition the company sold additional common stock amounting to $28000.As a result the amount of its retained earnings at the end of the year would be

• A)$160000.
• B)$72000.
• C)$132000.
• D)$100000.

---

Definitions:

Privileged Group

A social group that has advantages, special rights, or immunities granted or available only to a particular person or group of people.

Second Wave

Often refers to the second phase or generation of a movement, notably used in the context of the second wave of feminism in the 1960s-1980s focusing on equality and discrimination.

Feminism

A movement aimed at advocating for women's rights on the grounds of political, social, and economic equality to men.

Social Organizations

Structured groups of people that come together to pursue shared goals or perform specific functions within society.