Mobile Power Corp What Was the Retained Earnings Balance for Mobile Power at December

question 150

Multiple Choice

Mobile Power Corp.reported the following information for the year ended December 31,2017.
$\begin{array}{lr}\text { Revenue } & \$ 40,000 \\\text { Expenses } & 23,000 \\\text { Dividends } & 10,000 \\\text { Retained earnings at December 31,2017 } & 175,000\end{array}$
What was the retained earnings balance for Mobile Power at December 31,2016?

• A)$165,000
• B)$168,000
• C)$182,000
• D)$192,000

Distinguish the role of slavery in the economy and social hierarchies of colonial societies.

Understand the impact of European colonial conflicts on North American soil, focusing on the War of Jenkins' Ear.

Recognize the unique racial demographics of colonial American regions and their similarities to other colonies.

Identify the major agricultural crops of early eighteenth-century Louisiana and understand the agricultural economy.

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Definitions:

Significant Influence

A level of power that allows an entity to affect the decision-making of another entity without full control, often associated with ownership of a significant but not majority share percentage.

Significantly Influenced

A situation where an entity has a notable but not controlling interest in another entity, impacting its financial and operating policies.

Associate

An entity in which an investing entity has significant influence, typically through owning a substantial but not majority shareholding, usually between 20% and 50%.

Other Comprehensive Income

Represents items of income and expense that are not realized through the profit and loss account, including gains or losses from foreign currency translation and changes in the fair value of investments.