Nina Corphad the Following Net Income (Loss)the First Three Years of of Operation

question 81

Multiple Choice

Nina Corp.had the following net income (loss) the first three years of operation: $7,100, ($1,600) ,and $3,600.If the Retained Earnings balance at the end of year three is $1,100,what was the total amount of dividends paid over these three years?

• A)$500.
• B)$0.
• C)$9,100.
• D)$8,000.

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Definitions:

Allocating Resources

The process of distributing available resources, such as time, money, and manpower, among various projects or business units to achieve strategic goals.

Rolling Budget

A continuously updated budget that extends a set period into the future by adding a new period as the most recent period is completed.

Padding the Budget

The practice of including extra costs in a budget to create a financial cushion, which can mislead or distort financial planning and decision-making.

Goal Incongruence

A situation where the objectives of different stakeholders or parts of an organization conflict with each other, potentially leading to inefficiencies or counterproductive actions.