At the End of the Third Year of Operation, Alger

question 69

Multiple Choice

At the end of the third year of operation, Alger Corporation has total assets equal to $100,000, liabilities totaling $90,000, and contributed capital of $30,000.What is the balance in retained earnings?

• A)$40,000 (Dr)
• B)$40,000 (Cr)
• C)$20,000 (Dr)
• D)$10,000 (Cr)
• E)$20,000 (Cr)

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Definitions:

Routine Work

Tasks or jobs that are highly repetitive and predictable, often requiring little creativity or problem-solving.

Open Innovation

A paradigm that assumes firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology.

Survey Feedback

A method of organizational development involving the collection of employees’ opinions through surveys and then sharing the results with them to initiate changes.

Intrinsic Motivation

The drive to engage in activities for their own sake, deriving pleasure and satisfaction from the activity itself rather than from external rewards.