Multiple Choice
If the retained earnings account increases from the beginning of the year to the end of the year, then:
A) profit is greater than dividends.
B) a loss is less than dividends.
C) additional investments are less than reported losses.
D) no dividends were paid.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Retained earnings are<br>A)the shareholders' claim on total
Q20: A negative balance in retained earnings is
Q28: The primary purpose of the statement of
Q32: Authorities, such as the Canada Revenue Agency,
Q40: External users want answers to all of
Q47: The statement of changes in equity reflects
Q53: A partnership is a business organized as
Q71: An income statement<br>A)summarizes the changes in retained
Q81: If the assets owned by a business
Q98: Assets are resources owned by a business