Which one of the following equations represents retained earnings activity?
a. Beginning balance + net income + dividends = profits for the year
b. Beginning balance + cash inflows – cash outflows = ending balance
c. Beginning balance + dividends – net income = ending balance
d. Beginning balance + net income – dividends = ending balance
d
You might also like to view...
What is the full set of constraints if the following situations occur? The Eiffel Tower visit needed to take place at the same time has the half day at the Louvre
Students taking the Paris Sewer tour had to wear the special sanitary beret available only from the Bon Beret tour. Saba applies for university travel funds and supplements the students' accounts with an extra $30 each.
Those employees whose work requires advanced knowledge in a field of science or learning or advanced degrees are considered to be
(a) technicians (b) professionals (c) executives (d) administrators