Which of the following items has no effect on retained earnings?
A) expenses
B) dividends
C) revenues
D) hiring a new employee
Correct Answer:
Verified
Q41: A paid dividend
A)decreases assets and shareholders' equity.
B)increases
Q43: Accounting systems should record
A)all economic events.
B)events that
Q48: Recording revenue
A)increases assets and liabilities.
B)increases assets and
Q50: An investment by the shareholders in a
Q53: The payment of a liability
A)decreases assets and
Q60: A paid income tax instalment
A)increases assets and
Q64: A payment of a portion of accounts
Q64: A T account is
A)a way of illustrating
Q74: The equality of debits and credits is
Q79: A T account consists of
A)a title, a
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