________ is (are) the final balancing element of the balance sheet.
A) Assets
B) Net income
C) Retained earnings
D) Dividends

Name: ________ is (are) the final balancing element of the balance sheet. A) Assets B) Net income C) Retained earnings D) Dividends
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Question

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Retained earnings are the final balancing element of the balance sheet as they represent the accumulated net income that is retained in the company rather than distributed as dividends, affecting the equity section.

________ Is (Are) the Final Balancing Element of the Balance