La Paz Company Engaged in the Following Transactions During 2012

question 80

Multiple Choice

La Paz Company engaged in the following transactions during 2012, its first year in operation: (Assume all transactions are cash transactions)
1) Acquired $3,000 cash from issuing common stock.
2) Borrowed $2,200 from a bank.
3) Earned $3,100 of revenues.
4) Incurred $2,400 in expenses.
5) Paid dividends of $400.
La Paz Company engaged in the following transactions during 2013:
1) Acquired an additional $500 cash from the issue of common stock.
2) Repaid $1,300 of its debt to the bank.
3) Earned revenues, $4,500.
4) Incurred expenses of $2,750.
5) Paid dividends of $640.
The amount of retained earnings on La Paz's 2012 balance sheet was

• A) $3,100.
• B) $2,700.
• C) $300.
• D) $700.

Understand the basic concepts and terminology in linguistics such as phonetics, morphemes, and syntax.

Recognize the significance of observation, imitation, and language in human learning.

Identify the classification, properties, and functions of symbols and signs in communication.

Acknowledge the estimated number of languages existing today and historical language diversity.