Retained Earnings at the Beginning and Ending of the Accounting

question 91

Multiple Choice

Retained Earnings at the beginning and ending of the accounting period was $300 and $800,respectively.If revenues were $1,100 and dividends paid to stockholders were $200,expenses for the period must have been

• A)$500.
• B)$400.
• C)$900.
• D)$700.

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Definitions:

Variable Expenses

Costs that change in amount and type, depending on activities and choices, such as eating out, entertainment, and travel.

Fire Extinguisher

A portable device used to put out small fires by discharging a substance that cools the burning material, deprives the flame of oxygen, or interferes with the chemical reactions occurring in the flame.

Positive Activities

Actions or pursuits that contribute to well-being and happiness, often involving physical, mental, or social engagement.

Self-confidence

The state of trust in one's abilities, qualities, and judgment.