A Company Had a Beginning Balance in Retained Earnings of $430,000.It

question 16

Multiple Choice

A company had a beginning balance in retained earnings of $430,000.It had net income of $60,000 and declared and paid cash dividends of $56,250 in the current period.The ending balance in retained earnings equals:

• A)$546,250.
• B)$426,250.
• C)$116,250.
• D)$433,750.
• E)$490,000.

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Definitions:

Employee Engagement

The emotional commitment and involvement employees have towards their organization, positively affecting productivity and retention.

Negative Affectivity

A personality characteristic that involves the predisposition to perceive a wide range of situations as negative or distressing.

Creativity

The capacity to create or identify ideas, options, or opportunities that could aid in problem-solving, communication, and entertainment.

Positive Affect

A dimension of emotional experience characterized by feelings of happiness, joy, and other positive emotions.