The Following Was Abstracted from the Accounts of the Anderson

question 168

Multiple Choice

The following was abstracted from the accounts of the Anderson Corp.at year-end: Total income since incorporation ..........$420,000
Total cash dividends paid ...........130,000
Proceeds from sale of donated stock ............45,000
Total value of stock dividends distributed ........30,000
Excess of proceeds over cost of treasury stock sold ...70,000
What should be the current balance of Retained Earnings?

• A)$260,000
• B)$290,000
• C)$305,000
• D)$335,000
• E)None of these answers is correct.

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Definitions:

Power Distance

A societal characteristic that indicates the degree to which individuals with less authority within organizations or communities accept and anticipate an unequal distribution of power.

Positive Attitudes

A mental outlook that typically sees the good in situations, anticipates positive outcomes, and is generally optimistic.

Organizational Citizenship Behaviors

Refers to voluntary, extra-role activities performed by employees that support organizational efficiency, harmony, and goodwill.

Job Satisfaction

The level of contentment employees feel about their work, which can affect their performance and loyalty.