Retained earnings is accurately described by all except which of the following statements? A. Retained earnings is
Question:
Retained earnings is accurately described by all except which of the following statements?
A. Retained earnings is the primary component of a company’s earned capital.
B. Dividends declared are added to retained earnings.
C. Net income is added to retained earnings.
D. Net losses are accumulated in the retained earnings account.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
D Net income is subtracted from retained earnings on the same basis that it was added Disc...View the full answer
Answered By
Willis Omondi
Hi, I'm Willis Omondi, a proficient and professional academic writer. I have been providing high-quality content that best suits my clients and completing their work within the deadline. All my work has been 100% plagiarism-free, according to research from my services, especially in arts subjects and many others
0 Reviews
10+ Question Solved
Related Book For 
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
