Which of the Following Transactions Would NOT Result in an Increase

question 45

Multiple Choice

Which of the following transactions would NOT result in an increase to retained earnings?

• A)correction of an error in which expenses were overstated in a previous year
• B)issuance of a 3-for-1 stock split
• C)reacquisition of shares for less than the original issue price
• D)earning of net income for the period

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Definitions:

Active Learning

A learning approach that involves actively engaging in the learning process, rather than passively receiving information.

Elementary-Aged Children

Refers to children typically between the ages of 6 to 11 years, who are in the elementary or primary school phase.

Fine Motor Skill

The ability to coordinate small muscles, typically in the hands and fingers, to perform tasks that require precision, such as writing or tying shoelaces.

Toddler Playground

A specially designed area with play equipment suitable for young children, typically aged 1-3 years.