Which of the following regarding retained earnings is false? a. Retained earnings is increased by net income.
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Which of the following regarding retained earnings is false?
a. Retained earnings is increased by net income.
b. Retained earnings is a component of stockholders’ equity on the balance sheet.
c. Retained earnings is an asset on the balance sheet.
d. Retained earnings represents earnings not yet distributed to stockholders in the form of dividends.
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Related Book For
Fundamentals Of Financial Accounting
ISBN: 9781265440169
7th Edition
Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby
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