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7. Which of the following cause(s) a change in the retained earnings account balance? * O A) Prior profits B) Payment of dividends O C)

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7. Which of the following cause(s) a change in the retained earnings account balance? * O A) Prior profits B) Payment of dividends O C) All of the above OD) None of the above 8. How is Property, Plant & Equipment reported on the balance sheet? OA) At the net value of P, P & E OB) At the total amount of P, P & E less depreciation. O C) At the total amount of P, P & E plus depreciation. OD) Both (A) and (B). orcent

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