If Beginning Retained Earnings Was $184,300,net Income for the Period

question 32

Multiple Choice

If beginning retained earnings was $184,300,net income for the period was $200,000 and ending retained earnings was $322,000,what was the total amount of dividend distributed for the period?

• A) $62,300
• B) $306,300
• C) $337,700
• D) $706,300
• E) $137,700

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Definitions:

Reactive Power

The portion of electricity that oscillates between the source and load, not converted into useful work, often measured in Volt-Amperes-Reactive (VAR).

True Power

The actual power consumed by a device, calculated in watts as the product of voltage, current, and the cosine of the phase angle for AC circuits.

Clamp-On Ammeter

A type of ammeter that can measure a wire's current without the need to disconnect it from the circuit, by clamping around the wire.

True Power

The actual power consumed by a circuit, measured in watts, as opposed to apparent power, which includes reactive power.