The Amount of Retained Earnings Appearing on the Consolidated Balance

question 41

Multiple Choice

The amount of Retained Earnings appearing on the consolidated balance sheet as at January 1, 2018 would be:

• A) $60,000.
• B) $70,000.
• C) $130,000.
• D)$160,000.

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Definitions:

Principal Diagnosis

The main condition diagnosed at the end of a hospital stay or health care encounter that primarily motivated the treatment.

ATC

Average Total Cost, the sum of all costs divided by the quantity of output produced, a key concept in economics for understanding profitability at different production levels.

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing full industry adjustment.

Output

The overall output of products or services from a business, industry, or national economy.