Which of the following would not affect the balance of the Retained Earnings account? A)Net income. B)Stock dividend. C)Stock split. D)Gains and losses of a company.

Name: Which of the following would not affect the balance of the Retained Earnings account? A)Net income. B)Stock dividend. C)Stock split. D)Gains and losses of a company.
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Question

Quizplus · Accepted Answer

A stock split does not affect the balance of the Retained Earnings account as it only changes the number of shares and their par value, not the total equity.

Which of the Following Would not Affect the Balance of the Retained