Which of the Following Statements Is True

question 132

Multiple Choice

Which of the following statements is true?

• A) Retained earnings is an asset.
• B) Retained earnings has a debit balance for a successful corporation.
• C) Retained earnings represents the future dividend liability of the company.
• D) Retained earnings represents the profit that has been earned by the company, less any dividends declared since the first day of operations.

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Definitions:

Managers

Individuals responsible for planning, organizing, leading, and controlling resources to achieve organizational goals.

Crowdsourcing

The practice of obtaining information or services by soliciting contributions from a large group of people, often from an online community.

Alternative Solutions

refer to different strategies or methods to solve a problem or achieve a goal, aside from the initial or obvious choice.

Best Solution

The most effective or suitable way of solving a problem or dealing with a situation.