If Retained Earnings Decreased During the Year,and No Dividends Were

question 66

Multiple Choice

If retained earnings decreased during the year,and no dividends were paid,which of the following must be true?

• A)Expenses for the year exceeded revenues
• B)The company did not have enough cash to pay its expenses
• C)Total equity decreased
• D)Liabilities increased during the year

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Definitions:

Accomplishments

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Erikson

A psychologist known for his theory on the psychological development of human beings across eight stages of life.

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A critical period of development that spans from birth to approximately eight years old, focusing on physical, cognitive, and social growth.

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A positive assessment of one's own worth or abilities; feeling confident and valuable.