Rain Forever Corporation Had a Beginning Balance in Retained Earnings

question 95

Multiple Choice

Rain Forever Corporation had a beginning balance in retained earnings of $80,000 and had net income for the year of $40,000. At the end of the year the balance in retained earnings was $100,000. Rain Forever declared dividends of:

• A)$20,000.
• B)$40,000.
• C)$80,000.
• D)none of the above.

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Definitions:

Syllogism

A kind of logical argument that applies deductive reasoning to arrive at a conclusion based on two or more propositions that are asserted or assumed to be true.

Unflattering View

An opinion or perspective that is not favorable or complimentary.

Human Reasoning

The process through which individuals draw conclusions and make decisions based on information, past experiences, and logical thinking.

Syllogism's Conclusion

The final part of a syllogism, consisting of a statement that logically follows from the two premises.