A Debit Balance in Retained Earnings Is

question 179

Multiple Choice

A debit balance in Retained Earnings is:

• A)an indication of a contra-equity account.
• B)called an Accumulated Deficit.
• C)called a net loss.
• D)impossible.

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Definitions:

Nonrenewable Resources

Finite resources that can become exhausted; includes those that take so long to replenish as to be effectively finite.

Geological Processes

The natural dynamics and events, such as volcanic eruptions, earthquakes, and erosion, which shape the Earth's landscape and structure.

Biodiversity

The variety of species of plants and animals existing at any given time.

Aldo Leopold

Renowned American author, philosopher, scientist, ecologist, forester, conservationist, and environmentalist, best known for his book "A Sand County Almanac."