Which of the Following Statements Regarding the Retained Earnings Account

question 40

Multiple Choice

Which of the following statements regarding the retained earnings account is NOT true?

• A)It normally has a credit balance.
• B)Its balance is increased by revenues.
• C)Its balance is decreased by expenses.
• D)Its balance is increased by the declaration of dividends.

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Definitions:

Concern For Task

The focus on completing tasks efficiently and effectively, often prioritized in management and leadership.

Task Responsibilities

specific duties or obligations assigned to an individual or team in the context of their job or role.

Social Relations

The interactions and connections between individuals or groups, influencing social structure and individual behavior in society.

Needs Sensitivity

The ability to perceive and respond appropriately to the needs and concerns of others, often considered essential in leadership and customer service roles.