First Corporation Had Retained Earnings at the End of December

question 159

Multiple Choice

First Corporation had Retained Earnings at the end of December 31,2018 of $900,000.During 2019,the company had net income of $340,000 and declared dividends of $40,000.The amount of Retained Earnings reported on the balance sheet as of December 31,2019 will be:

• A)$860,000.
• B)$1,200,000.
• C)$1,240,000.
• D)$1,280,000.

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Definitions:

Prejudice

The outcome of prejudging a person. Prejudice in communication is the unwillingness to listen to members of groups the listener believes are inferior, such as other ethnic groups or women; it can also take more subtle forms; how you feel as a result of the stereotypes you believe in.

Attitude

An evaluation of people, ideas, issues, situations, or objects.

Socially Accepted

Behaviors or norms that are widely recognized and approved by society or a specific group.

Equal Employment Opportunity Commission

A U.S. federal agency responsible for enforcing federal laws that make it illegal to discriminate against a job applicant or an employee.