Which of the following transactions has no effect on retained earnings?
A) Incurred expense
B) Paid dividends
C) Purchased land
D) Earned revenue
Correct Answer:
Verified
Q66: Budke Corporation paid dividends of $5,000.As a
Q67: The sale of an asset on account
Q68: The purchase of an asset on credit
A)increases
Q69: Powers Corporation received a cash advance of
Q70: An investment by the stockholders in a
Q72: Comstock Company provided consulting services and billed
Q73: Incurring an expense
A)decreases assets and liabilities.
B)decreases stockholders'
Q74: A revenue generally
A)increases assets and liabilities.
B)increases assets
Q75: A paid dividend
A)decreases assets and stockholders' equity.
B)increases
Q76: When collection is made on Accounts Receivable,
A)total
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