Which One of the Following Equations Represents Retained Earnings Activity

question 43

Multiple Choice

Which one of the following equations represents retained earnings activity?

• A) Beginning balance + net income + dividends = profits for the year
• B) Beginning balance + cash inflows - cash outflows = ending balance
• C) Beginning balance + dividends - net income = ending balance
• D) Beginning balance + net income - dividends = ending balance

Analyze and choose the appropriate depreciation method for different scenarios.

Compute and record depreciation for partial years and revisions in estimates.

Understand and apply concepts of capital and revenue expenditures.

Calculate and record depletion of natural resources and depreciation of related assets.

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Believing in oneself; assured.

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