Which of the following helps increase the assets or decrease the liabilities of a company?
A) Retained earnings
B) Long-term mortgages
C) Accrued payables
D) Inventory

Name: Which of the following helps increase the assets or decrease the liabilities of a company? A) Retained earnings B) Long-term mortgages C) Accrued payables D) Inventory
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Question

Quizplus · Accepted Answer

Retained earnings represent the accumulated net income of a company that is retained rather than distributed to shareholders, thus increasing the company's assets.

Which of the Following Helps Increase the Assets or Decrease