Answer:
A. Households buy goods from product markets.
#FreeMelvin
Answer:
$2,375,000
Explanation:
Retained Earning is the accumulated balance of all the prior year's income / losses after paying all the dividend. This balance can be used for the dividend payment or reinvestment in the business.
Balance of Retained Earning = $500,000
Dividend Payment = 25% x $500,000 = $125,000
Additions to Retained Earning = $500,000 - $125,000 = $375,000
New balance of Retained Earning = $2,000,000 + $375,000 = $2,375,000
False, the original seller determines the value, and taxes are added when anyone wants to buy it
Answer: True
Explanation: The retained earnings are recorded after closing the accounts of the income statement, the surplus called profit or the missing called loss is transferred to equity through the non-distributed profit item.
This undistributed profit account also closes during the accounting period, to clarify how much was generated in a period, they are not like the balance sheet accounts that are cumulative.
