Rick's Internet Corporation Balance in Retained Earnings Is $30,000

question 108

Multiple Choice

Rick's Internet Corporation balance in Retained Earnings is $30,000.The board of directors directs that $15,000 be appropriated for future business expansion.This will cause total retained earnings to:

• A)remain at $30,000.
• B)increase by $15,000.
• C)decrease by $15,000.
• D)increase or decrease $5,000,as determined by the board.

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Definitions:

Electronic Communication

The transmission of information using electronic means such as email, text messages, and social media.

Text Message

A form of electronic communication where short messages are sent over cellular networks between mobile devices.

Verbal

Pertaining to words, either spoken or written, as a means of communication or expression.

Active Listening

The process of fully concentrating, understanding, responding, and remembering what is being said during communication.