Which of the Following Items Will Not Appear in the Retained

question 123

Multiple Choice

Which of the following items will not appear in the retained earnings statement?

• A) Net loss
• B) Prior period adjustment
• C) Discontinued operations
• D) Dividends

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Definitions:

Parol Evidence Rule

A legal principle in contract law that prevents parties from presenting extrinsic evidence of prior or contemporaneous agreements to alter or contradict the terms of a written contract.

Scalisi et al. v. New York University Medical Center

A legal case, specifics of which should be consulted through legal databases or sources for accurate details.

Parol Evidence

The rule in contract law that prohibits the introduction of evidence of prior or contemporaneous oral agreements to alter, contradict, or add to the terms of a written contract.

Typographical Error

A typographical error is a mistake made in the typing process of written or printed material, often referred to as a typo.