Based on the Following Information, What Would Be the Ending

question 121

Multiple Choice

Based on the following information, what would be the ending balance in the Retained Earnings Account, assuming all accounts have a normal balance?
$\begin{array} { l r l c } \text { Cash } & \$ 6,754 & \text { Dividends } & \$ 2,000 \\\text { Accounts receivable } & 13,733 & \text { Consulting fees earned } & 13,718 \\\text { Office supplies } & 2,625 & \text { Rent expense } & 3,673 \\\text { Land } & 37,153 & \text { Salaries expense } & 6,642 \\\text { Office equipment } & 14,535 & \text { Telephone expense } & 560 \\\text { Accounts payable } & 6,463 & \text { Miscellaneous expense } & 280 \\\text { Common stock } & 54,490 & \text { Retained Earnings } & ?\end{array}$

• A) $15,847
• B) $13,718
• C) $13,155
• D) $13,284
• E) $13,847

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Definitions:

Interquartile Range

A measure of statistical dispersion, representing the difference between the 25th and 75th percentiles of a dataset.

Variance

A measure of the dispersion or spread of a set of data points, calculated as the average of the squared deviations from the mean.

Degrees of Freedom

The count of data points in a statistical calculation that can change independently.

Sum of Squares

A statistical method that measures the variation within a dataset by summing the squared differences between each data point and the mean of the dataset.