Barber Company Has the Following Information Available for the Most

question 42

Multiple Choice

Barber Company has the following information available for the most current year:
$\begin{array} { l } \text {Paid-in capital, January 1, 2014 }&\$ 475,000\\ \text {Retained earnings, January 1, 2014 }&\$100,000 \\ \text { Total revenues in 2014}&\$ 870,000\\ \text {Total expenses in 2014 }&\$550,000 \\ \text {Dividend declared in 2014 }&\$70,000 \\ \text {Dividend paid in 2014 }&\$ 0\\ \text {Investments by owners in 2014 }&\$10,000 \\\end{array}$

What was the total amount of Retained Earnings for Barber Company at December 31,2014?

• A) $30,000
• B) $250,000
• C) $350,000
• D) $420,000

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Definitions:

Mainstream Media

Outlets of mass communication that reach a large audience, including television, newspapers, and radio, which often set the agenda for public discourse.

Feminists

Individuals who advocate for and support the equality of women in relation to men in social, economic, and political arenas.

Misrepresentation

The act of providing false or misleading information with the intent to deceive others.

Mainstream Media

Refers to the most widely available and commonly consumed forms of media, including television, newspapers, and radio, which have a significant influence on public opinion.