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

question 202

Multiple Choice

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

• A) net income is less than dividends.
• B) a net loss is less than dividends.
• C) the company must have sold stock.
• D) net income is greater than dividends.

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Definitions:

Executive action

A policy directive or official action taken by the president or executive branch of the government without the need for legislative approval.

EEOC guideline

Official directions or instructions issued by the Equal Employment Opportunity Commission to help employers comply with anti-discrimination laws.

English-only workplace rules

Policies that mandate the exclusive use of English in the workplace, often controversial and subject to legal scrutiny.

Title VII

A section of the Civil Rights Act of 1964 prohibiting employment discrimination based on race, color, religion, sex, and national origin.