Willie Company's Retained Earnings Increased $20,000 During 2010

question 114

Multiple Choice

Willie Company's retained earnings increased $20,000 during 2010.What was Willie's 2010 net income or loss given that Willie declared $25,000 of dividends during 2010?

• A)Net income was $5,000.
• B)Net income was $45,000.
• C)Net loss was $45,000.
• D)Net loss was $5,000.

---

Definitions:

Quasi-Experiments

Research designs that lack random assignment of participants to conditions but employ other methods to examine cause-and-effect relationships.

Quasi-Experimental Designs

Research designs that approximate the control features of true experimental designs but lack random assignment to treatment and control groups.

Types

Distinctive categories or varieties of objects, individuals, or phenomenons characterized by specific common features.

Experimental Control

A component of scientific experiments where variables are kept constant to accurately assess the effect of the independent variable on the dependent variable.