Changes in retained earnings are commonly reported in the:
A. Single-step income statement.
B. Multiple-step income statement.
C. Statement of stockholders' equity.
D. Balance sheet.
E. Statement of cash flows.
Answer: C
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In the area of human capital differences, what is not true for women?
A. They have fewer responsibilities in the same jobs as men. B. They confront greater barriers to establish mentor relationships. C. They occupy more than half of all management and professional positions. D. They tend to self-select themselves out of leadership tracks.
Indicate the plural form of the singular noun. video
Mae Refiners, Inc., processes sugar cane that it purchases from farmers. Sugar cane is processed in batches. A batch of sugar cane costs $60 to buy from farmers and $13 to crush in the company's plant. Two intermediate products, cane fiber and cane juice, emerge from the crushing process. The cane fiber can be sold as is for $29 or processed further for $13 to make the end product industrial fiber that is sold for $61. The cane juice can be sold as is for $40 or processed further for $28 to make the end product molasses that is sold for $67.Which of the intermediate products should be processed further?
A. Cane fiber should NOT be processed into industrial fiber; Cane juice should be processed into molasses. B. Cane fiber should be processed into industrial fiber; Cane juice should be processed into molasses. C. Cane fiber should NOT be processed into industrial fiber; Cane juice should NOT be processed into molasses. D. Cane fiber should be processed into industrial fiber; Cane juice should NOT be processed into molasses.
Answer the following statements true (T) or false (F)
1. A business generally has fewer liability accounts than asset accounts. 2. A business generally has just one expense account. 3. The Assets section of the chart of accounts would include prepaid expense accounts. 4. The Liabilities section of the chart of accounts would include accrued liabilities and prepaid expense accounts. 5. Accounts Payable represent amounts a business must pay because it signed a written promissory note.