Which of the following would increase retained earnings?
An increase in a Revenue account increases Net Income, which in turn would increase Retained Earnings.
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|2||Effect on the Current Ratio||Easy|
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|4||Solving for Missing Amounts||Moderate|
|6||Calculating Operating Income||Hard|
|6||The Classified Balance Sheet||4:48|
|7||The Multistep Income Statement||12:44|
|8||Retained Earnings vs Shareholder's Equity||6:41|
|9||Ratios: Working Capital||2:29|
|10||Ratios: Current Ratio||4:00|
|11||Gross Profit vs Net Profit||6:15|