Which of the Following Transactions Affect Retained Earnings

question 7

Multiple Choice

Which of the following transactions affect Retained Earnings?

• A)Declare cash dividend
• B)Earn net income
• C)Issue stock divided
• D)All of the above transactions

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Definitions:

Public Sector

The portion of an economy that is controlled by national, state, or municipal governments, encompassing services like education, healthcare, and law enforcement.

User Charges

Payments users (consumers) are required to make if they want to receive certain services provided by the government.

Government Services

Various services provided by the government to its citizens, including education, healthcare, public safety, and infrastructure.

Tax Deductions

Expenses that can be subtracted from gross income to reduce taxable income and lower overall tax liability.