BUSN 5200 QD F2 2022: Which of the following regarding retained earnings is false?

Posted: December 21st, 2022

Which of the following regarding retained earnings is false?

Retained earnings is increased by net income

Retained earnings is a component of stockholders’ equity on the balance sheet

Retained earnings is an asset on the balance sheet

Retained earnings represents earning not distributed to stockholders in the form of dividends

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