The Retained Earnings Account Began the Year with a Balance

question 59

Multiple Choice

The retained earnings account began the year with a balance of $700,000 which was increased with net income of $250,000.If the ending balance of retained earnings was $800,000 and all dividends declared were paid how much cash was paid for dividends during the year.

• A)$150,000
• B)$250,000
• C)$100,000
• D)$350,000

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Definitions:

Global Managers

Executives or managers who are responsible for planning, directing, and coordinating operations in an international context.

Post-assignment Process

The procedures and activities that occur after the completion of a specific task or project, often involving evaluation and follow-up.

Cross-cultural Training

Educational programs designed to enhance individuals' understanding, skills, and competence in interacting effectively with people from different cultural backgrounds.

Strategic International HR Planning

The process of designing and implementing plans to acquire, develop, and retain a workforce that can effectively achieve global business objectives.