DW Has an Ending Retained Earnings Balance of $51,100

question 146

Multiple Choice

DW has an ending Retained Earnings balance of $51,100. If during the year DW paid dividends of $4,300 and had net income of $22,500, then what was the beginning Retained Earnings balance?

• A) $24,300.
• B) $300.
• C) $32,900.
• D) $69,300.

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Definitions:

Even Number

An integer that is exactly divisible by 2.

Scores

The quantitative outcomes or measurements that are obtained from tests, assessments, or evaluations.

Two Middle Scores

The median values in a data set, which are the two central numbers in an ordered sequence when the total number of observations is even.

Nominal Level

A measurement level used for categorizing data without a natural order or ranking.