According to the accounting equation, all other things unchanged, which of the following could offset an increase in profits so as to keep the accounting equation balanced? A) Dividends, common shares, or liabilities decrease; alternatively, assets increase. B) Dividends or assets increase; alternatively, common shares or liabilities decrease. C) Dividends, assets,

According to the accounting equation, all other things unchanged, which of the following could offset an increase in profits so as to keep the accounting equation balanced? A) Dividends, common shares, or liabilities decrease; alternatively, assets increase. B) Dividends or assets increase; alternatively, common shares or liabilities decrease. C) Dividends, assets,

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 16MC: Retained earnings is accurately described by all except which of the following statements? A....

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