An Adjusted Trial Balance Is Given Below

question 254

Multiple Choice

An adjusted trial balance is given below.

What will be the final balance in the corporation's Retained Earnings account after recording the closing
Entries?

• A)$25,800
• B)$26,800
• C)$14,000
• D)$2,800

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Definitions:

Practical Intelligence

The ability to use information to get along in life and become successful.

Mental Age

Mental Age is a concept used to describe the level of intellectual development as compared to an average person's development at a certain age, often used in assessing intellectual capabilities in children.

Chronological Age

The exact age of an individual measured in years from the date of birth to the current date.

Alfred Binet

A French psychologist best known for creating the first intelligence test, the Binet-Simon scale.