Dimension Inc

question 177

Multiple Choice

Dimension Inc.had net income for 2017 of $24,000.It declared and paid a $13,000 cash dividend in 2017.If the company's retained earnings for the end of the year was $39,600,what was the company's retained earnings balance at the beginning of 2017?

• A)$28,600
• B)$50,600
• C)$76,600
• D)$2,600

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Definitions:

Need Theory

A psychological theory postulating that human motivation is influenced by a set of innate needs.

Career Planning

Career Planning is the continuous process of setting individual career goals and mapping out the path to achieve them, considering various opportunities and challenges.

Self-Actualization Needs

The highest level in Maslow's hierarchy of needs, referring to the realization of an individual's potential, self-fulfillment, and personal growth.

Cognitive Need

A psychological term that refers to an individual's desire to acquire new knowledge and understandings, contributing to their intellectual development.