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H3Ko H3Ko
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7 years ago
Which of the following is true of retained earnings?
A) Retained earnings decrease with collection of revenue.
B) Retained earnings increase with purchase of assets.
C) Retained earnings decrease with payment of dividends.
D) Retained earnings increase with payment on account.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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H3Ko Author
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7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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