Beta Company Was Founded in 20013

question 63

Multiple Choice

Beta Company was founded in 20013. Its yearly earnings and dividend payments are shown here:
2013: Net income of $4,000, paid zero dividends
2014: Net income of $20,000, paid $10,000 dividends
2015: Net income of $8,000, paid $5,000 dividends
2016: Net loss of $22,000, paid zero dividends
At the end of 2016, what would be the balance in Retained earnings?

• A) Negative $22,000
• B) Positive $32,000
• C) Negative $5,000
• D) Positive $1,000

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Definitions:

Ju/'hoansi

A hunter-gatherer group living in the Kalahari Desert, known for their extensive knowledge of the environment and egalitarian social structure.

Maya

A Mesoamerican civilization known for its advanced written language, architecture, mathematical, and astronomical systems.

Nomadic

Nomadic describes communities or individuals that move from one place to another rather than settling permanently in one location, often to follow seasonal migration patterns or in search of resources.

Traditional Societies

Communities that adhere to long-established customs, beliefs, and practices, often resisting the influences of modernization and globalization.