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Financial Forensics · Quiz 1 · 23 Feb 2025 · January 2025 term

Question 8: Which of the following regarding retained earnings is fal…

Question 8

+1 markOne correct option

Which of the following regarding retained earnings is false?

  1. A

    Retained earnings is increased by net income and decreased by a net loss

  2. B

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

  3. C

    Retained earnings is reported on the asset side of the balance sheet

  4. D

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

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Correct answer

  • C

    Retained earnings is reported on the asset side of the balance sheet

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Question 8 of 17 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 23 Feb 2025, in the January 2025 term (IIT M DEGREE AN EXAM QDB2 23 Feb 2025). It carries 1 mark.

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