A Company Has 2,000 Shares of $1 Par Value Common

question 183

Multiple Choice

A company has 2,000 shares of $1 par value common stock and 200 shares of 5%,$110 par,noncumulative preferred stock outstanding.The balance in Retained Earnings at the beginning of the year was $500,000.Net income for the current year was $300,000.If the company paid a dividend of $2 per share on its common stock,what is the balance in Retained Earnings at the end of the year?

• A)$800,000
• B)$805,100
• C)$794,900
• D)$494,900
• E)$194,900

Acknowledge the role and efficacy of traditional healers and indigenous paraprofessionals in mental health care.

Comprehend the importance of culturally sensitive diagnostic tools and practices in mental health.

Understand the cultural relativity of mental health diagnoses and the necessity of a culturally sensitive approach.

Analyze the impact of social, political, and racial attitudes on research and treatment in mental health.

---

Definitions:

Flexible Budget

A financial plan that is modified based on fluctuations in volume or levels of activity.

Meals Served

The total number of individual portions or servings of food provided or sold, typically used in the context of catering or hospitality.

Donations

Voluntary gifts or contributions of money or goods to organizations or individuals, often for charitable purposes.

Revenue Variance

The difference between a company's actual revenue and its expected or budgeted revenue during a specific period.