Marcos Inc

question 103

Multiple Choice

Marcos Inc.had net income for 2016 of $40,000.It declared and paid a $3,500 cash dividend in 2016.If the company's retained earnings for the end of the year were $38,200, what was the company's retained earnings balance at the beginning of 2016?

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

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Definitions:

Sexual Dimorphism

The noticeable difference in appearance between males and females of the same species, beyond just the reproductive organs.

Male Traits

Characteristics, either physiological or behavioral, that are commonly seen in males of a species, often influenced by genetic and hormonal factors.

Hormonal Variance

Variations in the levels or activity of hormones in an organism, influencing a wide range of physiological and behavioral outcomes.

Microevolution

Change in allele frequency.