Algonquin Company Reported Assets of $50,000,liabilities of $22,000 and Common

question 33

Multiple Choice

Algonquin Company reported assets of $50,000,liabilities of $22,000 and common stock of $15,000.Based on this information only,what is the amount of the company's retained earnings?

• A)$7,000.
• B)$57,000.
• C)$13,000.
• D)$87,000.

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Definitions:

Government-sponsored Service

Services provided to the public through funding and direct involvement by government agencies.

Service Quality

The degree to which a service meets or exceeds customer expectations.

Responsiveness

A measure of how quickly and effectively a person, organization, or system reacts to changes or requests.

Service Quality

The perception of the degree to which a service meets the customer's expectations and needs, often assessed through factors like reliability, responsiveness, and empathy.