A Horizontal Analysis Performed on a Statement of Retained Earnings

question 208

Multiple Choice

A horizontal analysis performed on a statement of retained earnings would not show a percentage change in

• A) dividends paid.
• B) net income.
• C) expenses.
• D) beginning retained earnings.

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines obligations and rights of those parties.

Recognizance

An obligation in which a party acknowledges in court that he or she will perform some specified act and/or pay a price on failure to do so.

Bail

A thing of value, such as a money bail bond or any other form of property, that is given to the court to allow a person’s temporary release from jail and to ensure his or her appearance in court.

Offeree

A person or entity to whom an offer is made, which they can either accept or reject.