Rick’s Internet Corporation’s balance in Retained Earnings is $30,000. The board

Accounting
Tutor: None Selected Time limit: 1 Day

 This will cause total retained earnings to __________. Too long again

A. remain at $30,000

B. increase by $15,000

C. decrease by $15,000

D. increase or decrease $5,000, as determined by the board

Feb 5th, 2015

Rick’s Internet Corporation’s balance in Retained Earnings is $30,000. The board of directors directs that $15,000 be appropriated for future business expansion.This will cause total retained earnings to __________.

A. remain at $30,000


Retained Earning will not have any effect , it would be board decision  if they want to add more capital or the want to use the money from retained earning.

Feb 5th, 2015

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Feb 5th, 2015
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Feb 5th, 2015
May 30th, 2017
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