Retained Earnings Will Be Increased by the Amount in the Dividend

question 90

True/False

Retained earnings will be increased by the amount in the dividend account.

---

Definitions:

Directors And Officers

Individuals appointed or elected to oversee the major policies and decisions of a company, corporation, or non-profit organization.

Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights and interests in the company.

Property Taxation

A form of taxation imposed on property owners based on the value of their property.

Income

Money received on a regular basis from work, investments, business operations, or other sources, which is used to fund living expenses, savings, and investments.