Which of the Following Products Would Be Considered an Unsought

question 136

Multiple Choice

Which of the following products would be considered an unsought good or service by a typical college student?

• A) college textbook
• B) pizza
• C) car towing
• D) cable television

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Definitions:

Retained Earnings

Retained earnings represent the cumulative amount of net income retained in the company rather than distributed to shareholders as dividends.

Dividends Payable

A financial accounting term referring to the declared dividends to be paid to a corporation's shareholders out of current or retained earnings.

Legal Capital Approach

A method of accounting that maintains capital at a certain legal minimum to protect creditors.