The Following Information Is Available for the Higgins Travel Agency

question 27

Multiple Choice

The following information is available for the Higgins Travel Agency, Inc. After recording these closing entries, what will be the balance in the Retained Earnings account?

• A)$75,500.
• B)$184,500.
• C)$99,500.
• D)$160,500.
• E)$130,000.

---

Definitions:

Linguistic Chauvinism

The belief that one's language is superior to others, which can lead to the undervaluing and suppression of other languages and their speakers.

Anagrams

Words or phrases formed by rearranging the letters of another, such as 'listen' and 'silent'.

Prototypes

Original forms or models on which something is patterned or based, often used in cognitive psychology to describe how people categorize objects and concepts.

Algorithms

Step-by-step procedures or formulas for solving problems, often used in mathematics and computer science.