Which of the Following Items Has No Effect on Retained

question 9

Multiple Choice

Which of the following items has no effect on retained earnings?

• A) expense
• B) dividends
• C) revenue
• D) hiring a new employee

Recognize the impact of nonmanufacturing costs on financial statements.

Understand the accounting treatment of indirect materials and their inclusion in Manufacturing Overhead.

Understand the concept of operating income and how to calculate it.

Comprehend the sequence of major activities in an organization and how they contribute to business operations.

---

Definitions:

Regulation of Slavery

Historical laws and policies governing the treatment, trade, and conditions of enslaved people.

Concurrent Power

Powers that are shared by both the state and the federal government, allowing both to legislate and govern simultaneously in the same areas.

Commercial Activity

Economic activities centered around the buying, selling, and exchange of goods and services in the market.

National Government

The political authority that governs an entire nation, as opposed to local or regional governments.