Which of the Following Equations Is Correct

question 30

Multiple Choice

Which of the following equations is correct?

• A) Retained earnings (up to the end of previous period)- Net income (after tax)of the year - Dividends declared - Transfers to reserves = Retained earnings (at year-end)
• B) Retained earnings (up to the end of previous period)- Net income (after tax)of the year + Dividends declared + Transfers to reserves = Retained earnings (at year-end)
• C) Retained earnings (up to the end of previous period)+ Net income (after tax)of the year + Dividends declared + Transfers to reserves = Retained earnings (at year-end)
• D) Retained earnings (up to the end of previous period)+ Net income (after tax)of the year - Dividends declared - Transfers to reserves = Retained earnings (at year-end)

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Definitions:

Traits

Enduring personality characteristics and behaviors that are consistent across different situations and time.

Temperament Traits

Innate, biologically based behavioral and emotional characteristics that are evident from early life.

Ergs

Basic instinctual drives or primary motivational forces in some psychological theories; the term originates from the work of Sigmund Freud.

Personality Traits

Enduring characteristics or qualities that describe an individual's consistent behaviours and attitudes.