Which of the Following Statements Is Not Correct

question 78

Multiple Choice

Which of the following statements is not correct?

• A)Retained earnings represents a cash fund.
• B)A corporation can have a large cash balance but no retained earnings.
• C)A corporation can have a balance in the Retained Earnings account but no cash.
• D)Retained earnings represent the undistributed profits and losses of the corporation.

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Definitions:

Charles Darwin

A 19th-century naturalist and geologist, best known for his contributions to the science of evolution, particularly the theory of natural selection.

Cognitive Neuroscience

The scientific field that studies the biological processes and aspects that underlie cognition, with a specific focus on the neural connections in the brain which are involved in mental processes.

Psychology

The scientific study of the mind and behavior, including both the conscious and unconscious phenomena, as well as thought processes in humans and animals.

Philosophy

The examination of the essential characteristics of knowledge, reality, and being, particularly in the context of an academic field.