Factors That Usually Affect Retained Earnings Directly Include

question 16

Multiple Choice

Factors that usually affect retained earnings directly include:

• A) net income or loss, and dividends.
• B) extraordinary items and losses from discontinued operations.
• C) stock dividends and gains or losses from the sale of treasury stock.
• D) net income or loss, and the issuance of stock at an amount in excess of par value.

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Definitions:

Trade

The exchange of goods, services, or both between parties, either within a country or between countries, often for money.

Four-Wheel Drive

A vehicle drive system where power is distributed to all four wheels simultaneously, enhancing traction.

Liable in Tort

Legal responsibility arising from a civil case in which harm has been caused to an individual or property.

Intoxicated Person

An individual whose normal capacity to act or make decisions is significantly impaired due to the consumption of alcohol or drugs.