Dayton Corporation Began the Current Year with a Retained Earnings

question 198

Multiple Choice

Dayton Corporation began the current year with a retained earnings balance of $32,000. During the year, the company corrected an error made in the prior year, which was a failure to record a depreciation expense of $3,000 on equipment. Also, during the current year, the company earned net income of $12,000 and declared cash dividends of $7,000. Compute the year-end retained earnings balance.

• A) $34,000
• B) $37,000
• C) $41,000
• D) $44,000

Grasp the significance of subject lines in emails and strategies for their effective use.

Comprehend the appropriate use of email in different contexts of business communication.

Understand how videoconferencing enhances business communication.

Learn the principles of managing information in messages for clarity and effectiveness.

---

Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.