Which of the Following Describes the Classification and Normal Balance

question 86

Multiple Choice

Which of the following describes the classification and normal balance of the retained earnings account?

• A)Asset,debit
• B)Stockholders' equity,credit
• C)Liability,credit
• D)Stockholders' equity,debit

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Definitions:

Vertices

The plural form of vertex, referring to the corners or points where two or more curves, edges, or lines meet.

Asymptotes

Lines that a graph approaches but never reaches, often defining the boundary of its behavior.

Vertices

The corner points where two or more edges meet in a geometric shape or figure; singular form is "vertex."

Ellipse

A plane curve encircling two centers where the total distance from any point on the curve to the two centers remains unchanged.