Closing entries will
A) decrease the Retained Earnings balance.
B) either increase or decrease the Retained Earnings balance.
C) increase the Retained Earnings balance.
D) not affect the Retained Earnings balance.
B
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Every transaction affects equal numbers of ledger accounts and is recorded by equal dollar amounts of debits and credits
a. True b. False Indicate whether the statement is true or false
Which of the following statements is inconsistent with return on quality (ROQ) approach?
A) It is not possible to spend too much on quality. B) Quality is an investment. C) Quality improvement efforts must be financially accountable. D) Not all quality expenditures are equally valid.
Which of the following statements is CORRECT?
A. The preemptive right gives stockholders the right to approve or disapprove of a merger between their company and some other company. B. The preemptive right is a provision in the corporate charter that gives common stockholders the right to purchase (on a pro rata basis) new issues of the firm's common stock. C. The free cash flow valuation model, Vops =FCF1/(WACC ? g), cannot be used for firms that have negative growth rates. D. The free cash flow valuation model, Vops = FCF1/(WACC ? g), can be used only for firms whose growth rates exceed their WACC. E. If a company has two classes of common stock, Class A and Class B, the stocks may pay different dividends, but under all state charters the two classes must have the same voting rights.
As a student, you are concerned with making a good grade in your economics class. However, instead of taking copious notes, you outline the major points and try to listen and watch the speaker as much as possible. What type of listening are you engaged in?
a. Casual listening b. Listening for information c. Intensive listening d. Empathetic listening