Refer to the Information Above

question 121

Multiple Choice

Refer to the information above. After closing the accounts, Retained earnings at December 31 equals:

• A) zero.
• B) $14,500.
• C) $22,000.
• D) $22,500.

---

Definitions:

Cross-functional Interaction

Collaboration between employees from different departments within an organization to achieve a common goal.

Functional Structure

A method of organizing a company where the business is divided into departments based on their functions, such as marketing, sales, and accounting.

Multinational Corporation

A large company that operates and invests in multiple countries outside of its home country.

Public Relations

The practice of managing and disseminating information from an individual or an organization to the public to influence their perception.