Use This Information to Answer the Following Question

question 112

Multiple Choice

Use this information to answer the following question. The Retained Earnings,Dividends,and Income Summary accounts for Gula's Repair Corporation for the accounting period are presented below in T account form after the recording and posting of closing entries:


The ending balance of Retained Earnings is

• A) $100.
• B) $200.
• C) $700.
• D) $800.

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Definitions:

Work Sharing

A strategy aiming to reduce layoffs during slow periods by enabling employees to work reduced hours while partly compensating their reduced earnings with unemployment benefits.

Weekly Hours

The number of hours scheduled for work or assignment within a week.

Telecommuting Program

A work arrangement that allows employees to perform their job duties from outside the traditional office environment, often from home, facilitated by technological tools.

Satellite Office

denotes a secondary office located away from a company's main office, used to accommodate remote employees or serve different geographical areas.