On January 1, 2014, Balises Corporation's Retained Earnings Account Has

question 26

Multiple Choice

On January 1, 2014, Balises Corporation's Retained Earnings account has a balance of $300,000. During 2014, cash dividends of $20,000 were declared and stock dividends with a market value of $40,000 were declared. Net income for 2014 amounted to $90,000. On June 30, 2014, Balises Corporation issued 5,000 shares of common shares at $10 per share. What is the balance in Retained Earnings appearing on the statement of shareholders' equity on December 31, 2014?

• A) $420,000
• B) $380,000
• C) $330,000
• D) $440,000

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Definitions:

Sad Experiences

Events or occurrences in life that evoke feelings of sorrow, grief, or unhappiness.

Depression

A common but serious mood disorder that affects how a person feels, thinks, and handles daily activities, characterized by persistent sadness and a lack of interest.

Sleep Patterns

The cyclical sequences of sleep stages and wakefulness experienced through a typical night.

Depressed People

Depressed people are individuals experiencing depression, a mental health disorder characterized by persistent feelings of sadness, hopelessness, and loss of interest or pleasure in most activities.