Which accounting term does not mean the same as the others?
A)Retained earnings
B)Net worth
C)Capital
D)Owner's equity

Question

Quizplus · Accepted Answer

Retained earnings specifically refer to the portion of net income that is retained by the corporation rather than distributed to its owners as dividends. Net worth, Capital, and Owner's Equity generally refer to the value of an owner's interest in a business, making them conceptually similar, whereas Retained Earnings is a component of Owner's Equity but not synonymous with the entire concept.

Which Accounting Term Does Not Mean the Same as the Others