Barr Attorneys
the Company Reported the Following Information for the Year

question 161

Multiple Choice

Barr Attorneys
The company reported the following information for the year ended December 31, Year 2:
$$\begin{array} { l r } \text { Revenue } & \$ 14,000,000 \\\text { Expenses } & 11,500,000 \\\text { Dividends } & 1,000,000 \\\text { Retained earrings at December 31, Year 2 } & 1,750,000\end{array}$$
-Refer to the figure Barr Attorneys .What was the retained earnings balance at December 31,Year 1?

• A) $ 250,000
• B) $3500,000
• C) $1,500,000
• D) $2,500,000

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Definitions:

Motion Sickness

A condition in which the discrepancy between visually perceived movement and the vestibular system's sense of movement causes nausea, dizziness, and other symptoms.

High-Speed Spins

Rapid rotations often related to vehicles or objects, characterized by performing spins at a high velocity.

Semicircular Canals

Structures in the inner ear that are key to the vestibular system, helping to maintain balance and spatial orientation.

Balance

The state of having equilibrium, or the ability to maintain bodily equilibrium or to weigh decisions and actions evenly.