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

question 202

Multiple Choice

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

• A) net income is less than dividends.
• B) a net loss is less than dividends.
• C) the company must have sold stock.
• D) net income is greater than dividends.

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Definitions:

Primary Succession

A new community becomes established in an area where there was previously no soil.

Mosses And Lichens

These are diverse groups of non-vascular and composite organisms, respectively, that thrive in moist environments. Mosses are small, green, non-vascular plants, while lichens are symbiotic associations between fungi and photosynthetic algae or cyanobacteria.

Bare Rock

Exposed rock surfaces without soil or vegetation cover, often seen in extreme environments or as a result of land degradation.

Interacting Organisms

This term refers to different forms of life that affect each other's existence in an ecosystem, often engaging in various relationships like mutualism, parasitism, or predation.