Multiple Choice
All of the following statements regarding retained earnings are true except
A) retained earnings represents a claim on cash.
B) a debit balance in Retained Earnings indicates a deficit.
C) some companies may restrict the availability of retained earnings for dividends.
D) retained earnings is net income that a company retains in a business.
Correct Answer:
Verified
Correct Answer:
Verified
Q18: Watson, Inc.has 10,000 shares of 5%, $100
Q20: The board of directors of Benson Company
Q22: The following information pertains to Benedict Company.Assume
Q24: Which of the following statements is <b>not</b>
Q26: YZ Company has $20,000 of dividends in
Q27: If Pratt Company issues 5,000 shares of
Q28: Nance Corporation's December 31, 2020 balance sheet
Q30: Stockholders of a corporation directly elect<br>A) the
Q31: Which of the following factors does not
Q77: The two ways that a corporation can