Which of the following options is not included in the calculation for Retained Earnings?

Dividends

Expenses

Assets

Revenues

Thomas Inc. paid Dividends of $1,000. What is the impact of this transaction?

Increase Revenues by $1,000

Increase Cash by $1,000

Decrease Cash by $1,000

Decrease Revenues by $1,000

Everest & Sons incurred expenses of $51,000 and had a net loss of ($11,000). What are the company's revenues?

$52,000

$40,000

($11,000)

$62,000

Which of the following options would increase Retained Earnings?

Accounts Receivable

Dividends

Net Losses

Revenues

Which of the following statements is true about Revenues?

They are earned by the company, not in the ordinary course of business.

They belong on the balance sheet and show what the company has incurred in the process of earning revenues.

They belong on the balance sheet and show amounts that a company owes.

They belong on the income statement and show what the company has earned by providing goods or services.