Which of the Following Is True

question 216

Multiple Choice

Which of the following is true?

• A)Poverty could be eliminated but scarcity could not.
• B)Scarcity could be eliminated but poverty could not.
• C)Both scarcity and poverty could be eliminated.
• D)Neither scarcity nor poverty could be eliminated.

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Definitions:

Retained Earnings

The portion of net income that is retained by the corporation rather than distributed to its shareholders as dividends.

Other Reserves

Equity accounts that record gains and losses recognized directly in equity, including revaluation reserves and reserves created from the reallocation of profits.

Non-controlling Interest

An ownership interest in a corporation where the stake does not grant the holder the majority of voting rights.