Multiple Choice
Which of the following would eventually cause a reduction in retained earnings?
A) Interest earned on investment.
B) A decrease in deferred revenue.
C) An increase in prepaid utilities.
D) A loss on disposal of land.
Correct Answer:
Verified
Correct Answer:
Verified
Q99: Your company receives advance payment in October
Q100: The cash basis of accounting works best
Q101: Your company orders and receives goods in
Q102: Revenues and expenses are considered assets and
Q103: Match the term and the definition.There are
Q105: A dance studio accepts $1,500 to provide
Q106: When a company uses it resources to
Q107: During the three months of this quarter,Asbar,Inc.,has
Q108: Operating income refers to:<br>A)operating revenue minus operating
Q109: The Rainbow House Painting Company has been