Multiply. -7 ·(-3) ·12 ·(-8)

question 346

Multiple Choice

Multiply.
-7 ·(-3) ·12 ·(-8)

• A) -2016
• B) 2016
• C) -244
• D) 8

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Definitions:

Retained Earnings Account

An equity account on the balance sheet that represents the accumulated net income of a company that has not been distributed to shareholders as dividends.

Dividends Account

An account in the ledger that records dividends paid out to shareholders by a company.

Retained Earnings Account

An equity account that represents the accumulated portion of net income not distributed to shareholders in the form of dividends.

Current Ratio

A financial liquidity metric that compares a company's current assets to its current liabilities, used to evaluate its ability to pay short-term obligations.