For each event on the left, indicate the effect on Retained Earnings (increase, decrease, no effect).

- A. B. C.	A company accrues interest income on a CD that will mature in 3 months.
- A. B. C.	A company records a write-down of inventory to lower-of-cost-or-market.
- A. B. C.	A company pays an invoice for inventory delivered earlier in the month.
- A. B. C.	A company declares but does not pay dividends.
- A. B. C.	A company receives cash from a customer for services to be provided next month.
- A. B. C.	A company recognizes amortization expense on an acquired patent.
- A. B. C.	A company provides services to a customer who paid in advance last month.
- A. B. C.	A company pays dividends that were declared last month.

A.	No effect.
B.	Decrease
C.	Increase

A.

No effect.

B.

Decrease

C.

Increase