During 2021, Its First Year of Operations, Neko's Bakery Had

question 87

Multiple Choice

During 2021, its first year of operations, Neko's Bakery had revenues of $60,000 and expenses of $35,000.The business paid dividends of $20,000.What is the amount of retained earnings at December 31, 2021?

• A)$0
• B)$5,000 credit
• C)$25,000 credit
• D)$20,000 debit

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Definitions:

Ethical Problems

Issues that arise in a business context where the right course of action is unclear, often involving a moral conflict or dilemma.

Workplace

The physical or virtual space where an individual or group engages in professional activities or employment.

Personal Beliefs

An individual's convictions or acceptances that something exists, is true, or is valuable, often without empirical evidence.

Moral-rights View

An ethical perspective that emphasizes respecting and protecting the fundamental rights of individuals such as privacy, freedom of conscience, and the right to free speech.