Which of the following items could not impact the balance in Retained Earnings? A) Net Income...
- Which of the following items could not impact the balance in Retained Earnings?
A) Net Income
B) Net Loss
C) Declaration of dividends
D) Treasury Stock sold at or above cost
Homework Answers
Answer
--Correct Answer = Option 'D': Treasury Stock sold at or above cost DOES NOT IMPACT the balance in retained Earnings.
--Net Income is added to retained earnings while Net Loss and Declaration of dividend is DEDUCTED from retained earning balance.
--However, treasury stock sold above cost is credited to 'paid in capital from treasury stock' which does not affect Retained earnings.
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Which of the following items could not impact the balance in
Retained Earnings?
A) Net Income...
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