The Retained Earnings Account of Company XYZ Has a Balance

question 43

Short Answer

The retained earnings account of Company XYZ has a balance of $350,000 at the end of 2010. At the end of 2011 the following information is available.
What is the amount of retained earnings at the end of 2011?
$$\begin{array} { | l | r | } \hline \text { Cash } & \$ 37,000 \\\hline \text { Dividends Declared } & 45,000 \\\hline \text { Common Stock } & 200,000 \\\hline \text { Net Income } & 175,000 \\\hline \text { Dividends Payable } & 45,000 \\\hline\end{array}$$

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Definitions:

Intrarole Conflicts

Occurs when there are contradictory expectations associated with the same role, leading to stress and confusion.

Functional Turnovers

Turnovers that positively affect the organization by replacing less effective employees with more productive ones.

Type A Behavior

A personality trait characterized by competitiveness, impatience, aggressiveness, and a constant sense of urgency, often linked to stress and heart disease.

Behavior Pattern

Regularly occurring actions or reactions that characterize an individual's or group's behavior over time.