Which of the Following Transactions Has No Effect on Retained

question 80

Multiple Choice

Which of the following transactions has no effect on retained earnings?

• A)Incurred expense
• B)Paid dividends
• C)Purchased land
• D)Earned revenue

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Definitions:

Specific Customers

Refers to the particular group or segment of customers targeted by a business for its products or services.

Annual Interest Rate

The percentage increase in the amount of money owed as interest on a loan or investment, calculated on an annual basis.

Principal

The original sum of money borrowed in a loan, or the amount of the investment, excluding any interest or dividends.

Accounts Receivable-Redding

Accounts receivable specifically related to the Redding location or branch, indicating money owed by customers for goods or services delivered.