Which accounting term does not mean the same as the others?
A)Retained earnings
B)Net worth
C)Owner's 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, Owner's capital, and Owner's equity generally refer to the owner's claim on the assets of the business, making them similar in meaning, whereas retained earnings is a more specific term related to corporate earnings not distributed to shareholders.

Which Accounting Term Does Not Mean the Same as the Others