Which of the Following Transactions Affects Both Retained Earnings and Net

question 40

Multiple Choice

Which of the following transactions affects both retained earnings and net income?

• A) The payment of a cash dividend.
• B) The recording of revenue for services provided.
• C)The issue of stock in exchange for cash.
• D)The borrowing of money from a bank.

---

Definitions:

Bachelor's Degree

A first-level university degree given to students by colleges and universities after they complete a curriculum that can last from three to seven years, depending on the university and the specific major.

Ethical Question

A query that involves considerations of morality and principles, often requiring reflection on what is right, just, or good behavior.

Drop Out

The act of leaving a course of study or training before it has been completed.

Local Politics

The government and political activities occurring within smaller communities or geographical areas, such as cities or towns.