The major difference in the statement of retained earnings, Accounting Basics

Assignment Help:

The major difference in the statement of retained earnings between a service business and a
Merchandising business is
A. that the retained earnings statement of a merchandising business includes dividends.
B. that the retained earnings statement of a merchandising business shows the cost of goods sold.
C. that the retained earnings statement of a service business includes dividends.
D. nothing. There are no differences between the two.

Related Discussions:- The major difference in the statement of retained earnings

Explain about closing process, Q. Explain about closing process? Expens...

Q. Explain about closing process? Expense, revenue and dividends accounts are nominal (temporary) accounts that are merely sub classifications of a real (permanent) account Ret

#title.Credit note., what is meant by credit note

what is meant by credit note

Explain about full disclosure principle, Q. Explain about full disclosure p...

Q. Explain about full disclosure principle? The full disclosure principle states that information significant enough to influence the decisions of an informed user of the finan

What is differences in access to financial information, What is differences...

What is differences in access to financial information Distinction between the two areas of accounting reflects, to some extent, differences in access to financial information.

statistical test , A high school counselor needs to show whether the teena...

A high school counselor needs to show whether the teenage pregnancy rate at her school is disimilar from the rate nationwide. She knows that the rate nationwide is 15 %. She random

Accounting terminology, what the accounts maintained in retail business

what the accounts maintained in retail business

What is the auto invoice?, A great tool to import and certify transaction d...

A great tool to import and certify transaction data from other financial systems and make invoices debit memos credit memos and on-account credits Setup steps: 1. Describe th

Asset or expense?, what does office stationery at year end classify as? ass...

what does office stationery at year end classify as? asset or expense?

Money measurement concept, In accounting, only those facts that can be expr...

In accounting, only those facts that can be expressed in terms of money are recorded. When money is accepted not merely as a medium of exchange but also as a measuring rod of value

Traditional tax accounting job, The career paths outlined above don't nearl...

The career paths outlined above don't nearly cover all of the many professional options available to tax specialists. For instance are you concerned that a traditional tax accounti

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages