If retained earnings decreased during the year, and no dividends were paid, which of the following statements must be true? (A) Expenses for the year exceeded revenues. (B) The company did not have enough cash to pay its expenses. (C) Total equity decreased. (D) Liabilities increased during the year.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If retained earnings decreased during the year, and no dividends were paid, which of the following statements must be true? (A) Expenses ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Suppose that the nation of rationalia experiences the inflation rates shown from 2013 through 2015. if the rationalian citizenry behaves according to the rational expectations theory, what will they expect the inflation rate to be in 2016
Answers (1)
71. When making decisions that are ethical under either profit maximization or corporate citizenship theories, a business should include all of the following steps except a. recognize that there is an ethical issue in the decision. b.
Answers (2)
When managers of firms in a competitive market observe falling profits, they may infer that the market is experiencing a. a violation of conventional market forces. b. over-investment. c. the entry of new firms. d. too few firms in the market.
Answers (1)
Many jobs in the Law, Public Safety, and Security careers require training that does not aid in earning a degree. Which best describes jobs that require licensure, on-the-job training, and certification? A.
Answers (2)
Tony is the sole shareholder of O. K. Oil Corporation. Tony uses O. K's funds to pay his personal expenses and to create Pure Fuel Corporation to engage in the same business as O. K. Oil. He then transfers all of O. K. Oil's assets to Pure Fuel.
Answers (1)
New Questions in Business
Why people in New York it hard to get shelter with a child
Answers (1)
Two months ago, the Marbury Shirt company sold 200 shirts at $30 per shirt. Last monththe company raised its price to $35 per shirt and sold 300 shirts. Evidently the company experienced a (n): A. Decrease in demand B. Increase in demand C.
Answers (1)
Which of the following is a compound sentence?
Answers (1)
You currently have $3,400 in an investment account that returns 11% per year. How long will you have to wait until you can make $5,000 down payment on a car? A loan you took out is due in three years and requires repayment of $3000.
Answers (1)
ptown Promotions has three divisions. As part of the planning process, the CFO requested that each division submit its capital budgeting proposals for next year.
Answers (1)