Reporting a net income of $95,000 will
A) increase retained earnings.
B) decrease retained earnings.
C) increase common stock.
D) decrease common stock.

Name: Reporting a net income of $95,000 will A) increase retained earnings. B) decrease retained earnings. C) increase common stock. D) decrease common stock.
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Question

Quizplus · Accepted Answer

Net income increases retained earnings because it represents the profit that is added to the company's equity after dividends are paid.

Reporting a Net Income of $95,000 Will