Multiple Choice
Retained earnings at the end of the period is equal to
A) retained earnings at the beginning of the period plus profit minus liabilities.
B) retained earnings at the beginning of the period plus profit minus dividends.
C) profit for the period.
D) assets plus liabilities.
Correct Answer:

Verified
Correct Answer:
Verified
Q42: The concept that economic activity, which can
Q43: Allocating the cost of using long-term assets
Q44: Buying assets needed to operate a business
Q46: Which of the following statements is not
Q51: A company's policy toward dividends and growth
Q52: External users of accounting information include the
Q60: Expenses are the cost of assets consumed
Q71: Claims of creditors and shareholders on the
Q89: The world's economic systems depend on financial
Q140: The accounting equation can be expressed as