Multiple Choice
How do revenues for a period relate to the beginning and ending balances in retained earnings?
A) Revenues less expenses will either increase or decrease the ending balance of retained earnings for the period.
B) Revenues will increase the beginning balance of retained earnings for the period.
C) Revenues will decrease the beginning balance of retained earnings for the period.
D) Revenues less expenses will either increase or decrease the beginning balance of retained earnings for the period.
Correct Answer:
Verified
Correct Answer:
Verified
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