Which of the Following Transactions Affects Both Retained Earnings and Net

question 40

Multiple Choice

Which of the following transactions affects both retained earnings and net income?

• A) The payment of a cash dividend.
• B) The recording of revenue for services provided.
• C)The issue of stock in exchange for cash.
• D)The borrowing of money from a bank.

Understand how to use different types of action queries in database management.

Learn to identify and apply appropriate query types for specific data manipulation tasks.

Understand the function and implementation of Delete queries.

Recognize the role of joins in querying related tables.

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Definitions:

Acceptance

In contract law, the expression of assent to the terms of an offer in such a manner that binds both the offeror and the offeree to the terms of the contract.

Legal Responsibilities

Obligations imposed by law, requiring individuals or entities to act in a certain manner or face legal consequences for failure to do so.

Offer

A proposal presented by one party to another with the intention to create a legal agreement upon acceptance.

Offer

A proposal presented by one party to another as a basis for negotiations or the formation of a contract.