The Retained Earnings Statement Would not Show

question 90

Multiple Choice

The retained earnings statement would not show

• A)the retained earnings beginning balance.
• B)revenues and expenses.
• C)dividends.
• D)the ending retained earning balance.

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Definitions:

Break-even

The point at which total costs and total revenue are equal, resulting in no net loss or gain, and where the business covers all its costs with its sales revenue.

Monthly Dollar Sales

The total value of sales measured in dollars that a business achieves in one month.

Break-even Point

A situation where the total earnings are equivalent to the total costs, therefore no profit or loss is made.

Sales Dollars

The total revenue generated from the sale of goods or services, measured in dollars.