On the Statement of Retained Earnings

question 155

Multiple Choice

On the statement of retained earnings:

• A)a net loss is shown in parenthesis as a deduction.
• B)net income decreases retained earnings.
• C)dividends declared increase retained earnings.
• D)a deficit ending balance is not allowed.

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Definitions:

Trichromatic

A theory of color vision that proposes the eye detects colors through the response levels of three types of cones sensitive to different wavelengths.

Color Discrepancy

A difference in the perception or representation of colors between what is expected and what is perceived.

Trichromatic Theory

A theory explaining human color vision based on three types of cones sensitive to blue, green, and red wavelengths.

Receptors

Specialized cells or proteins that detect and respond to chemical signals, such as hormones or neurotransmitters.