Multiple Choice
Which of the following is true of retained earnings?
A) Retained earnings decrease with payment of dividends.
B) Retained earnings increase with purchase of assets.
C) Retained earnings decrease with collection of revenue.
D) Retained earnings increase with payment on account.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Economic resources and debts of the company
Q34: Match the accounting position to the job
Q95: For the accounting equation to balance,a transaction
Q141: In the United States,transactions are recorded in
Q143: Provide the definition of each of
Q144: A corporation's chief executive officer appoints the
Q146: The equity of Alliance Company is $170,000
Q150: List the four financial statements and
Q228: Which of the following statements,regarding International Financial
Q242: Equity increases when revenues are earned.