Chapter 11 172-15) A debit balance in Retained Earnings is: A) an indication of a contra-equity account. B) called an Accumulated Deficit. C) called a net loss. D) impossible. 173-16) Which of the following statements about Retained Earnings is correct? A) Retained Earnings represents cash available to pay dividends to stockholders. B) Retained Earnings cannot be restricted by loan covenants. C) Retained Earnings generally consists of cumulative net income less any net losses and dividends since inception. D) Retained Earnings is reduced by the par value of the common stock that is issued. 174-17) Which of the following statements about stock dividends is correct? A) Stock dividends are reported on the income statement. B) Stock dividends are reported on the Statement of Stockholders' Equity. C) Stock dividends increase total stockholders' equity. D) Stock dividends decrease total stockholders' equity. Page 3 of 6 6 of 1512 words 11:05 AM (0) ( 1 5/5/2020