Which of the following regarding retained earnings is false?a. Retained earnings is increased by net income.b. Retained earnings is a component of stockholders’equity on the balance sheet.c. Retained earnings is an asset on the balance sheet.d. Retained earnings represents earnings not distributed tostockholders in the form of dividends

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Which of the following regarding retained earnings is false?
a. Retained earnings is increased by net income.
b. Retained earnings is a component of stockholders’
equity on the balance sheet.
c. Retained earnings is an asset on the balance sheet.
d. Retained earnings represents earnings not distributed to
stockholders in the form of dividends

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