Which of the Following Will Decrease the Balance in Retained

question 152

Multiple Choice

Which of the following will decrease the balance in Retained earnings?

• A) Repayment of bond principal
• B) Stock split
• C) Stock dividend
• D) Purchase of treasury stock

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Definitions:

Supremacy Clause

The Supremacy Clause is a provision in Article VI of the U.S. Constitution establishing that federal law takes precedence over state laws and constitutions when they are in conflict.

Constitution

The fundamental law of a nation or state, outlining the principles and organization of its government. In the U.S. context, it refers to the supreme law of the United States.

Private Property

The legal designation for ownership of property by non-governmental legal entities, individuals, or corporations.

First Amendment

Part of the United States Constitution that guarantees freedoms concerning religion, expression, assembly, and the right to petition the government.