A Company Started the Year with Retained Earnings of $10,500

question 91

Multiple Choice

A company started the year with retained earnings of $10,500. The company had net income of $2,400 and paid dividends of $1,400. What are the new retained earnings currently?

• A) $14,300
• B) $11,500
• C) $9,500
• D) $12,900
• E) $11,900

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Definitions:

Eye Examinations

Medical evaluations performed to assess vision and diagnose eye diseases, involving tests of visual acuity, eye pressure, and examination of the eye's interior.

Safety Strips

Adhesive or non-adhesive strips applied to surfaces to increase traction and minimize the risk of slips and falls, often used in bathrooms and on stairs.

Ankle Restraint

A device used to limit the movement of the ankles to prevent self-harm or disrupt care.

Neurologic Assessment

A systematic evaluation of the nervous system performed by healthcare professionals to detect any abnormalities or dysfunction.