A Restriction on Retained Earnings Will

question 66

Multiple Choice

A restriction on retained earnings will:

• A)decrease assets.
• B)decrease retained earnings.
• C)be included in the liabilities section of the balance sheet.
• D)be disclosed in the notes to the financial statements.

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Definitions:

DSL

Digital Subscriber Line, a family of technologies that provide internet access by transmitting digital data over the wires of a local telephone network.

WAN

Wide Area Network (WAN) is a telecommunications network that extends over a large geographic area for the purpose of computer networking.

MAN

Metropolitan Area Network, a large computer network that spans a city or a large campus.

LAN

Local Area Network, a computer network that interconnects computers within a limited area such as a residence, school, or office building.