If the Retained Earnings Account Decreases from the Beginning of the Year

question 96

Multiple Choice

If the retained earnings account decreases from the beginning of the year to the end of the year, then

• A)net income is less than dividends.
• B)there was a net income and no dividends.
• C)additional investments are less than net losses.
• D)net income is greater than dividends.

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Definitions:

Fault Codes

Diagnostic codes generated by a vehicle's onboard computer indicating specific malfunctions or issues requiring attention.

Electronic Braking System (EBS)

A system in vehicles that uses electronic controls to improve the efficiency and responsiveness of braking.

FMVSS-121 Redundancy

A redundancy requirement specified in the Federal Motor Vehicle Safety Standards (FMVSS) 121, pertaining to the air brake systems in heavy vehicles, ensuring the system’s effectiveness even when part of it fails.

Pneumatic

In truck technology this term is used mainly to describe chassis air under pressure, as in pneumatic brakes or pneumatic suspension.