Use the Following Balance Sheet and Income Statement to Answer

question 9

Multiple Choice

Use the following Balance Sheet and Income Statement to answer the question. If Jane Austin Bookstore paid $5,450 in dividends for 2010, what was the balance in Retained Earnings on December 31, 2009?

• A)$42,000
• B)$58,900
• C)$48,000
• D)$45,000

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Definitions:

Olfaction

The sense of smell.

Umami

One of the five basic tastes, often described as savory or meaty, and is characteristic of foods containing glutamates.

Primary Tastes

The basic taste sensations experienced by humans, traditionally categorized as sweet, sour, salty, bitter, and umami.

Taste Receptors

Specialized sensory cells located on the tongue that detect taste stimuli, enabling the perception of sweetness, sourness, bitterness, saltiness, and umami.