To Compute Ending Balance of Retained Earnings on the Statement

question 49

Multiple Choice

To compute ending balance of retained earnings on the statement of retained earnings:

• A)net loss is added to the beginning balance of retained earnings and dividends that were declared and paid are subtracted from the beginning balance of retained earnings.
• B)net income and dividends are both added to the beginning balance of retained earnings.
• C)net loss and dividends are both added to the beginning balance of retained earnings.
• D)net income is added to the beginning balance of retained earnings.

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Definitions:

Stimulus-response Model

A concept in psychology and marketing that describes how individuals respond to stimuli (external inputs) with predetermined reactions, useful in understanding consumer behavior.

Buyer Behavior

The study of how individuals make purchasing decisions and the factors influencing their choice of products or services.

Consumer Trends

Patterns or preferences in consumer behavior that indicate the direction in which the demand for products or services is moving.

SELL Sequence

A sales technique that involves showing the feature, explaining the advantage, leading to the benefit, and letting the customer see themselves using the product.