Clowns-R-Us Reported the Following in the Statement of Comprehensive Income

question 53

Multiple Choice

Clowns-R-Us reported the following in the statement of comprehensive income for the year ended December 31: During the year,the company paid $105,000 in dividends and purchased treasury stock with a par value of $20,000 at a cost of $95,000.If the balance of Retained Earnings at the beginning of the year was $4,400,000,what is the balance of Retained Earnings at the end of the year?

• A)$5,145,000
• B)$5,050,000
• C)$4,805,000
• D)$4,710,000

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Definitions:

Urodynamic Testing

A series of tests that assess how well the bladder, sphincters, and urethra are storing and releasing urine.

Involuntary Urine Leakage

The unintentional loss of urine, often referred to as urinary incontinence.

Flank Pain

Pain on the side of the body between the ribs and hip, often associated with kidney problems but can have various causes.

Dysuria

The medical term for painful or difficult urination, which can be a symptom of a urinary tract infection or other health conditions.