Asked by
Yoarlineth Mendez
on Oct 28, 2024Verified
Which of the following would most likely increase retained earnings?
A) An increase in expenses.
B) An increase in revenues.
C) Declaring a cash dividend.
D) Issuing additional common stock.
Retained Earnings
Profits that a company has earned to date, less any dividends or other distributions paid to investors, which are reinvested into the business.
Revenues
The cumulative revenue produced from selling goods or services that are fundamental to a company's main activities.
Cash Dividend
Profits distributed by a company to its shareholders, usually as a form of payment.
- Determine the net profit using specified financial details.
Verified Answer
CE
Learning Objectives
- Determine the net profit using specified financial details.