Which of the Following Is a CORRECT Statement

question 185

Multiple Choice

Which of the following is a CORRECT statement?

• A)Shareholders' equity is also called proprietorship equity.
• B)A proprietorship has more than one capital account.
• C)A partnership has a separate owner's equity account for each partner.
• D)Retained earnings is the owner's investment in the corporation.

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Definitions:

Recognition

The cognitive process involved in identifying and categorizing previously encountered stimuli.

Recall

The act of remembering or being able to bring back to mind an experience, fact, or piece of information.

Encoding

The method of changing data into a structure suitable for memory preservation.

Retention Measurement

The method of assessing the degree to which information or skills are maintained over time by an individual or group.