Which of the following statements concerning retained earnings is true? a. Retained earnings is the difference between
Question:
Which of the following statements concerning retained earnings is true?
a. Retained earnings is the difference between revenues and expenses.
b. Retained earnings is increased by dividends and decreased by net income.
c. Retained earnings is reported as a liability on the balance sheet.
d. Retained earnings represents the income that has not been distributed as dividends.
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ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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