The Changes in Account Balances for Allen Inc

question 100

Multiple Choice

The changes in account balances for Allen Inc. for 2009 are as follows: Assuming the only changes in retained earnings in 2009 were for net income and a $25,000 dividend, what was net income for 2009?

• A)$30,000
• B)$20,000
• C)$15,000
• D)$ 5,000

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Definitions:

Crowd Sizes

The number of individuals gathered in a specific location or event, which can influence behavior and perception.

Pitched Ball

In sports, refers to the act of throwing a ball towards a player, especially in baseball, using various techniques to challenge the batter.

Socially Cooperative

Behaviors or actions that involve working together towards common goals within a group or society.

Aggressive Outbursts

Explosive, often violent, expressions of anger or frustration that can result in physical or emotional harm to others or oneself.