Blast-Off Airlines Is a Recent Start-Up Commuter Airline That Flies

Multiple Choice

Blast-off Airlines is a recent start-up commuter airline that flies between eight regional cities on the east coast.Although it has attracted numerous investors who see value in the company's service,it does not pay dividends.Last year,the firm claimed profits of $4,800,000,which will be used to purchase an additional commuter plane.The Balance Sheet accounts that will show this affect are:

A) Retained earnings and fixed asset accounts
B) Long-term liabilities and fixed asset accounts
C) Retained earnings and accounts receivable accounts
D) Accounts payable and accounts receivable accounts