A Company Has 3,000 Shares of $2 Par Value Common

question 76

Multiple Choice

A company has 3,000 shares of $2 par value common stock and 1,500 shares of 8%,$150 par,non-cumulative preferred stock outstanding.The balance in Retained Earnings at the beginning of the year was $400,000.The Net Loss for the current year was $30,000.If the company paid a dividend of $1 per share on its common stock,what is the balance in Retained Earnings at the end of the year?

• A)$349,000
• B)$365,800
• C)$451,000
• D)$400,000
• E)$409,000

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Definitions:

Behavior

The actions or reactions of an organism or system, usually in response to external stimuli, observable and measurable by others.

Frequency

In the context of waves, it refers to the number of cycles of a wave that pass a certain point in a given period of time, typically measured in Hertz (Hz).

Operant Conditioning

Operant Conditioning is a learning process in which the strength of a behavior is modified by reinforcement or punishment.

Generalization

The process of extending the application of a response to stimuli that are similar to the conditioned stimulus in classical conditioning.