For the First Three Years of Operations,the Company Reports Net

question 91

Multiple Choice

For the first three years of operations,the company reports net income of $1,000,$2,000,and $3,000,and pays dividends of $500,$1,000,and $1,000.What is the balance of retained earnings at the end of the third year?

• A)$2,000.
• B)$2,500.
• C)$3,500.

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Definitions:

Autonomic Nervous System

The part of the nervous system responsible for control of the bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.

Hypothalamus

A region of the brain responsible for hormone production, regulating body temperature, hunger, thirst, sleep, and emotional activity.

Endocrine System

A network of glands that produce and release hormones directly into the bloodstream to regulate vital body functions, including growth, metabolism, and reproduction.

Brainstem

The structure that connects the cerebrum of the brain to the spinal cord, regulating vital functions including breathing, heart rate, and blood pressure.