Which of the following would not affect the balance of the Retained Earnings account?
A)net income
B)stock dividend
C)stock split
D)cash dividend

Question

Quizplus · Accepted Answer

A stock split does not affect the balance of the Retained Earnings account because it simply increases the number of shares outstanding while proportionally decreasing the price per share, without altering the company's equity or the individual's proportionate ownership in the company.

Which of the Following Would Not Affect the Balance of the Retained