Use This Information to Answer the Following Question

question 221

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:

Fallacy

An erroneous argument dependent upon an unsound or illogical contention.

Homer Simpson

A fictional character from the animated television series "The Simpsons," known for his humorous and often bumbling personality.

Appeal To Emotion

A logical fallacy where someone tries to win an argument by eliciting an emotional response instead of presenting logical reasons.

Fallacy

An erroneous argument or reasoning that results in a false or misleading conclusion.