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:

Formal Operations

A stage in Piaget's theory of cognitive development, occurring from around age 11 onwards, where individuals develop the ability to think abstractly and logically.

Concrete Operations

A stage in Piaget's theory of cognitive development during which children gain the ability to think logically about concrete events.

Intellectual Development

The growth and enhancement of a person's mental capacities and abilities throughout their lifetime.

Developmental Stages

Refers to the distinct phases of growth and development that an individual undergoes from infancy through adulthood, encompassing physical, mental, and emotional changes.