The Dayton Corporation Began the Current Year with a Retained

question 149

Multiple Choice

The Dayton Corporation began the current year with a retained earnings balance of $25,000. During the year, the company corrected an error made in the prior year, which was a failure to record 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 $5,000. Compute the year end retained earnings balance.

• A) $29,000
• B) $35,000
• C) $39,000
• D) $45,000

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Definitions:

Medical Decisions

Choices made by patients and healthcare professionals regarding the course of treatment or interventions based on clinical judgement and patient preferences.

Nonmaleficence

A fundamental principle in medical ethics that obligates healthcare providers to avoid causing harm to patients.

Autonomy

The right or condition of self-governance, especially in the context of making personal health decisions.

Fidelity

The principle of loyalty, faithfulness, and the obligation to keep promises and commitments in professional and personal relationships.