Multiple Choice
The ownership claim arising from the reinvestment of previous profits is called ________.
A) net assets
B) stockholders' equity
C) investment income
D) retained earnings
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q66: Which of the following statements is FALSE?<br>A)
Q67: The materiality concept is not subjective.
Q68: The following information was extracted from
Q69: Increases in ownership claims arising from the
Q70: Which financial statement summarizes the operating performance
Q72: The following information was extracted from
Q73: Rent received in advance of the rental
Q74: Amounts owed to vendors for purchases on
Q75: A transaction is any event that affects
Q76: Under accrual basis accounting,we record revenue when