Nikonowicz Enterprises Experienced the Following Events During 2012,its First Year

question 126

Multiple Choice

Nikonowicz Enterprises experienced the following events during 2012,its first year in operation: The business acquired $10,000 cash by issuing common stock to investors.
The business purchased land for $6,000 cash.
Services were provided to customers for $8,000 cash.
Services were provided to customers for $3,000 on account.
Operating expenses of $5,000 were incurred and paid in cash.
Operating expenses of $2,000 were incurred on account.
A dividend of $1,000 was paid to the owners of Nikonowicz Enterprises.
Based on this information,the amount of retained earnings as of December 31,2012,was

• A) $1,000.
• B) $3,000.
• C) $5,000.
• D) $11,000.

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Definitions:

Implicit Attitudes

Unconscious beliefs or feelings that may influence behavior and perceptions without one's direct awareness.

Explicit Preferences

Preferences or choices that are clearly expressed or openly displayed by an individual, often reflecting conscious decisions and beliefs.

Implicit Preferences

Unconscious biases or inclinations towards certain ideas, individuals, or objects.

Implicit Attitude

An attitude that exists outside of conscious awareness, influencing feelings and behavior unconsciously.