2. Declaration of cash dividends will ... a. Increase the retained earnings b. Increase the stockholders' equity c. Decrease the retained earnings d. Decrease the total equity 3. All of the following are reported in the retained earnings statement, except ... a. Cash Dividends b. Net Income c. Net Loss d. Sales Revenue 4. All of the following will decrease retained earnings, except... a. Cash dividends b. Net loss c. Net income d. All of them will decrease retained earnings
2. Declaration of cash dividends will ... a. Increase the retained earnings b. Increase the stockholders' equity c. Decrease the retained earnings d. Decrease the total equity 3. All of the following are reported in the retained earnings statement, except ... a. Cash Dividends b. Net Income c. Net Loss d. Sales Revenue 4. All of the following will decrease retained earnings, except... a. Cash dividends b. Net loss c. Net income d. All of them will decrease retained earnings
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:2. Declaration of cash dividends will ...
a. Increase the retained earnings
b. Increase the stockholders' equity
c. Decrease the retained earnings
d. Decrease the total equity
3. All of the following are reported in the retained earnings statement, except ...
a. Cash Dividends
b. Net Income
c. Net Loss
d. Sales Revenue
4. All of the following will decrease retained earnings, except ...
a. Cash dividends
b. Net loss
c. Net income
d. All of them will decrease retained earnings
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