On the Statement of Retained Earnings

question 123

Multiple Choice

On the statement of retained earnings:

• A)a net loss decreases retained earnings.
• B)net income decreases retained earnings.
• C)dividends declared increase retained earnings.
• D)a deficit ending balance in retained earnings is not allowed.

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Definitions:

UN Global Compact

An initiative aimed at encouraging businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation.

Universal Principles

Fundamental concepts or norms that are universally accepted and upheld across different cultures and societies.

Interactional Justice

The perception of fairness in interpersonal interactions and treatment by authorities, focusing on respect and dignity in communication.

Employment Relationship

The legal and practical relationship between employer and employee, characterized by the exchange of labor for compensation, and governed by contract and labor laws.