Which of the Following Statements Regarding Net Income Transferred to Retained

question 28

Multiple Choice

Which of the following statements regarding net income transferred to retained earnings is correct?

• A)Net income = net income transferred to retained earnings - dividends
• B)Net income transferred to retained earnings = net income + dividends
• C)Net income = net income transferred to retained earnings + dividends
• D)Net income transferred to retained earnings - net income = dividends

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Definitions:

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Pertains to matters related to the law, including legislation, rights, obligations, and the judicial system.

Illegal Behavior

Actions or activities that are forbidden by law and subject to legal penalties.

Integrity

The quality of being honest and having strong moral principles, or moral uprightness.

Fairly

In a just, equitable, and unbiased manner, ensuring impartial treatment or judgment.