To Compute Ending Retained Earnings on the Statement of Retained

question 141

Multiple Choice

To compute ending Retained Earnings on the Statement of Retained Earnings:

• A)net loss is added to the beginning Retained Earnings and declared dividends are subtracted from the beginning Retained Earnings.
• B)net income and dividends are both added to beginning Retained Earnings.
• C)net loss and dividends are both added to beginning Retained Earnings.
• D)net income is added to the beginning Retained Earnings.

---

Definitions:

Mental Representations

Internal images, ideas, or thoughts that stand in for objects, events, or relations in the outside world, aiding in cognition and perception.

Abstractly

Thinking in a way that is not concrete, focusing on ideas and concepts rather than physical or practical realities.

Logically

Pertaining to or characterized by clear, systematic, and rational thinking or reasoning.

Pretend Play

Imaginative play in which children create scenarios and act out roles, often involving objects to represent other things.