Mia Hero,Inc

question 172

Multiple Choice

Mia Hero,Inc.had a retained earnings balance of $7,000 on December 31,2011.For the year 2012,sales revenues are $15,000 and expenses are $13,000.If no dividend is declared or paid in 2012,retained earnings at December 31,2012 equals ________.

• A)$9,000
• B)$10,000
• C)$35,000
• D)some other amount

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Definitions:

Expiratory Reserve Volume (ERV)

The additional air that can be forcibly exhaled after the completion of a normal, passive exhalation.

Vital Capacity (VC)

The maximum amount of air a person can expel from the lungs after a maximum inhalation, a measure of lung function.

Inspiratory Reserve Volume (IRV)

The additional amount of air that can be inhaled after a normal inhalation, contributing to total lung capacity.

Expiratory Capacity (EC)

The maximum volume of air that can be exhaled from the lungs after a normal tidal volume exhalation.