Question 729 book and market values, balance sheet, no explanation
If a firm makes a profit and pays no dividends, which of the following accounts will increase?
(a) Asset revaluation reserve.
(b) Foreign currency translation reserve.
(c) Retained earnings, also known as retained profits.
(d) Contributed equity, also known as paid up capital.
(e) General reserve.
Copyright © 2014 Keith Woodward