The Ending Retained Earnings Balance of the Brown Hat Restaurant

question 20

Multiple Choice

The ending retained earnings balance of the Brown Hat restaurant chain increased by $4.3 billion from the beginning of the year.The company had declared a dividend of $1.5 billion.What was the profit earned during the year?

• A)$2.8 billion.
• B)$3.0 billion.
• C)$5.8 billion.
• D)There is no way to determine net income as not enough information was given.

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Definitions:

Memory Fades

The gradual loss of the ability to recall information or experiences over time.

Lack of Use

A situation where a product, skill, or service is not utilized, potentially leading to its degradation or obsolescence.

Cue-dependent

Refers to the phenomenon where recall of information is improved when retrieval conditions are similar to the conditions present during encoding.

Maintenance Rehearsal

A cognitive process involving the repetition of information to keep it within working memory or to encode it for storage in long-term memory.