Which of the following statements is false?
A)Accumulated depreciation is a contra-account on the balance sheet.
B)A stock's par value represents the minimum selling price of the stock.
C)Retained earnings is the accumulated net income less the accumulated dividends declared.
D)Research and development costs for a patent are reported on the balance sheet.

Question

Quizplus · Accepted Answer

Research and development costs are expenses and are reported on the income statement.

Which of the Following Statements Is False