A Company Had a Beginning Balance in Retained Earnings of $43,000.It

question 21

Multiple Choice

A company had a beginning balance in retained earnings of $43,000.It had net income of $6,000 and paid out cash dividends of $5,625 in the current period.The ending balance in retained earnings account is equal to:

• A)$108,625
• B)$(12,625)
• C)$11,375
• D)$43,375
• E)$(11,375)

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Definitions:

Role Playing

A method of learning or therapy involving the acting out of roles in specific scenarios to improve skills, understand others, or analyze behavior.

Hypnosis

A trance-like state of heightened focus and concentration, often used for therapeutic purposes to modify behaviors, thoughts, or feelings.

Dissociative Identity Disorder

A psychiatric disorder characterized by the presence of two or more distinct personality states or identities in a single individual.

Personal Shame

A deep feeling of guilt or embarrassment about one's actions, character, or associations.