Which of the Following Statements About the Retained Earnings Account

question 127

Multiple Choice

Which of the following statements about the Retained Earnings account is correct?

• A)Retained Earnings is a permanent account;income statement accounts are temporary.
• B)Retained Earnings and income statement accounts are all temporary accounts.
• C)Retained Earnings and income statement accounts are all permanent accounts.
• D)Retained Earnings is a temporary account,while income statement accounts are permanent accounts.

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Definitions:

Robert Karasek

A researcher known for his work on job strain, who developed the Job Demand-Control Model, relating workplace stress to the balance between job demands and the degree of control a worker has.

Psychological Demands

The cognitive and emotional requirements or pressures that a task or environment imposes on an individual.

Decision Control

The capability to influence the outcome of a decision by choosing among various available actions.

Working Women

Females who are engaged in employment or work, either in formal or informal sectors.