Which of the Following Statements Is True

question 40

Multiple Choice

Which of the following statements is true?

• A)Retained earnings is an asset.
• B)Retained earnings has a debit balance for a successful corporation.
• C)Retained earnings represents the future dividend liability of the company.
• D)Retained earnings represents the profit that has been earned by the company,less any dividends declared since the first day of operations.

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Definitions:

Personal Relationships

Connections or bonds between individuals based on factors such as love, friendship, kinship, or professional interactions.

Humanistic Approach

A psychological perspective that emphasizes the study of the whole person and the uniqueness of each individual's experience.

Abraham Maslow

Abraham Maslow was an American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Turning Point

A critical moment or event that leads to a significant change in the direction or outcome of a situation or life path.