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

question 150

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)$32,900.
• C)$300.

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Definitions:

Ingratiation

A psychological technique aimed at making oneself more likable to others through flattery, favors, or compliance to their wishes.

Compliment

A polite expression of praise or admiration.

Favor

An act of kindness beyond what is due or usual.

Strong Points

The aspects or characteristics of something or someone that provide an advantage or superior capability.