Question: QUESTION 10 Retained earnings for a given year is equal to its EAT minus all dividends True False QUESTION 11 The basic accounting equation states

QUESTION 10 Retained earnings for a given year is equal to its EAT minus all dividends True False

QUESTION 11 The basic accounting equation states that current assets equals current liability True False

QUESTION 12 A liability increase can come from a. decrease in inventories b. increase in accounts receivable c. increase in accruals d. none of the above

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