Kolander Company Has the Following Accounts and Balances at the End

question 76

Multiple Choice

Kolander Company has the following accounts and balances at the end of the year: What is the amount of Retained Earnings at the end of the year?

• A)$45,000
• B)$117,500
• C)$162,500
• D)$171,000

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Definitions:

Working Memory

A cognitive system with a limited capacity that is responsible for temporarily holding information available for processing.

Phonological Loop

A component of working memory model that deals with auditory information and preserves the order of information.

Declarative Memory

The type of long-term memory that stores facts and events that can be consciously recalled or "declared."

Rehearsal

A cognitive process involving the repetitive review of information to enhance memory retention.