Which of the Following Statements About This Statement of Retained

question 154

Multiple Choice

Which of the following statements about this statement of retained earnings is not correct?

• A)Retained earnings of $525,750 will appear on the balance sheet as of December 31,Year 4.
• B)The net income in the above statement came from the income statement for the year ending December 31,Year 4.
• C)Dividends are shown in parentheses because they are distributions of earnings to the stockholders.
• D)The ending retained earnings amount represents the amount of cash at the end of Year 4.

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