Which of the Following Describes the Classification and Normal Balance

question 3

Multiple Choice

Which of the following describes the classification and normal balance of the Retained Earnings account?

• A)Asset, debit
• B)Stockholders' equity, credit
• C)Revenues, credit
• D)Expense, debit

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Definitions:

Genetics

The study of heredity and the variation of inherited characteristics.

Oxytocin

Oxytocin is a hormone and neurotransmitter involved in childbirth and lactation, also known as the "love hormone", it plays a significant role in social bonding, sexual reproduction, and during and after childbirth.

Hormone

A regulatory substance produced in an organism and transported in tissue fluids such as blood to stimulate specific cells or tissues into action.

Bonding

The process of developing a close and emotionally significant relationship between individuals such as parents and their children, or between peers.