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

Maximum cca , Home Inc. is considering buying a new piece of equipment, whi...

Home Inc. is considering buying a new piece of equipment, which will cost $715,000 and has an economic life of 5 years, in order to make a new line of product.  The company believe

Analysis on the organizational assessment study dataset, Complete a descrip...

Complete a descriptive analysis of the following data elements in the Organizational Assessment Study dataset. Use appropriate graphical tools and descriptive statistics to charact

Rosco Company, Rosco Company purchased 35,000 shares of common stock of Pax...

Rosco Company purchased 35,000 shares of common stock of Paxton Corporation as a long term investment for $900,000. During the year, Paxton Corporation reported net income of $300,

Accounting information, Reliable information is essential before decision m...

Reliable information is essential before decision makers can make a sound decision involving the allocation of scarce resources. Accounting information is precious because decision

Advantages of weighted-average, Q. Advantages of Weighted-average? Weig...

Q. Advantages of Weighted-average? Weighted-average: Advantages because of the averaging process the effects of year-end buying or not buying is lessened. Drawback Manipulation

Example of current ratio, Q. Example of current ratio? The current asse...

Q. Example of current ratio? The current assets and current liabilities and current ratios of some other companies as of the third quarter of 2001 were As you are able to se

Explain about sales discounts, Q. Explain about Sales discounts? Sales ...

Q. Explain about Sales discounts? Sales discounts when a company sell goods on account it clearly specifies terms of payment on the invoice. For instance the invoice in Exhibit

What is cyclic reporting, Q. What is Cyclic reporting? Cyclic reporting...

Q. What is Cyclic reporting? Cyclic reporting and the matching principle necessitate the preparation of adjusting entries. Adjusting entries are journal entries prepared at the

Traiinng progrum, How to perform a basic accounting training progrum ..

How to perform a basic accounting training progrum ..

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd