Question: 14. Which of the following items results in a decrease in retained earnings for a company using accrual accounting? A) Paying an existing obligation

14. Which of the following items results in a decrease in retained

14. Which of the following items results in a decrease in retained earnings for a company using accrual accounting? A) Paying an existing obligation B) Paying dividends C) Paying for goods purchased on account D) Paying in advance for services that will be received during the next accounting period.

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