Gr NESAVERS Our Tools ad: 0/13 2 100 02 Which of the following statements is incorrect? Select one O Retained carings is increased by net earnings and decreased by anetos O Retained earnings is a component of shareholders' equily on the statement of financial position O Retained earnings is reported on the statement of earnings O Retained earnings represent earnings not distributed to shareholders in the form of dividendo MC Notes Marks 23 of 13 The primary purpose of hiring a public accounting firm to examine the financial statements of the company is MC Select one: to assure that no fraud has been committed by the company's management. Ob to provide credibility that the financial information conforms to international financial reporting standards in al material respects O to detect al accounting errors made by the accounting system and employees O d. not reflected in any of the other statements Notes Une 3 SLH, Inc reported the following information: December 31, 2020 Total assets $150,000 Total liabilities 80,000 December 31, 2019 $104,000 40,000 MC SLH did not have any transactions affecting contributed capital in 2020. It declared dividends of $10,000 during 2020. Based on these details, SLH's net earnings for 2020 should be: Select one O $20.000 O b. 335.000 O c $26.000 Od cannot be determined without knowing the revenues and expenses for 2020 moteno Unsure