If the Retained Earnings Account Decreases from the Beginning of the Year

question 96

Multiple Choice

If the retained earnings account decreases from the beginning of the year to the end of the year, then

• A)net income is less than dividends.
• B)there was a net income and no dividends.
• C)additional investments are less than net losses.
• D)net income is greater than dividends.

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Definitions:

Controls

Interactive components in software or applications that enable users to manipulate data or adjust the user interface, such as buttons, text boxes, and sliders.

Compact And Repair

A function often found in database software used to reduce file size and fix any issues within the database to improve performance.

Back Up

The process of copying data to a second location, ensuring it can be recovered in case of loss.

Trust And Verify

A principle that involves having faith in actions or processes while also having mechanisms in place to confirm their accuracy or integrity.