Typically, the only credit to the retained earnings account for a corporation is a. any withdrawals by the owners. b. net loss of the period. c. net income of the period. d. the initial investment of stockholders.

Answer is C. net income of the period

A is wrong because withdrawals by owners would only reduce the credit and not add anything to it.

B is also wrong since debiting the retained earnings will also decrease the equity so it will result in a net loss for the company.

Answer is C since crediting the net earning implies that the organization earned some profit which would increase the equity.

D is wrong too because the initial investment does not go to the retained earnings.

answer; (a) searching for information can be done quickly;

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know