For the First Three Years of Operations,the Company Reports Net

question 21

Multiple Choice

For the first three years of operations,the company reports net income of $1,000,$2,000,and $3,000,and pays dividends of $500,$1,000,and $1,000.What is the balance of retained earnings at the end of the third year?

• A)$2,000.
• B)$2,500.
• C)$3,500.
• D)$6,000.

---

Definitions:

Edible Fruiting Body

The spore-producing part of a fungus that is safe and nutritious for consumption.

Cellulose Breakdown

Cellulose breakdown involves the enzymatic process by which cellulose, a key plant cell wall component, is decomposed into simpler sugar molecules.

S. Cerevisiae

Saccharomyces cerevisiae, commonly known as baker's yeast, is a species of yeast used in baking, brewing, and scientific research.

Edible Fruiting Body

The portion of a fungus that is safe and suitable for consumption, which typically grows above ground and contains spores.