A Corporation Had Year End 2004 and 2005 Retained Earnings

question 23

Multiple Choice

A corporation had year end 2004 and 2005 retained earnings balances of $320,000 and $400,000, respectively. The firm reported net profits after taxes of $100,000 in 2005. The firm paid dividends in 2005 of

• A) $0.
• B) $20,000.
• C) $80,000.
• D) $100,000.

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Definitions:

Emotional Intelligence

The ability to perceive, control, and evaluate emotions in oneself and others, which is important for personal and professional relationships.

Social Empathy

The ability to understand and share the feelings of others, especially in a societal context, fostering a sense of connection and cooperation.

Self-motivation

The internal drive that leads an individual to take action toward achieving goals without external influence.

Self-awareness

The conscious knowledge of one's own character, feelings, motives, and desires.