How Do Revenues for a Period Relate to the Beginning

question 115

Multiple Choice

How do revenues for a period relate to the beginning and ending balances in retained earnings?

• A)Revenues less expenses will either increase or decrease the beginning balance of retained earnings for the period.
• B)Revenues will increase the beginning balance of retained earnings for the period.
• C)Revenues will increase the ending balance of retained earnings for the period.
• D)None of these answers are correct.

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