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NEW QUESTION: 1
Which account does not affect retained earnings?
A. Sales Revenue / Rent Expense.
B. Common Stock.
The Dividends account does affect retained earnings because it is closed to the Retained
Earnings account during the closing process. The Sales Revenue and Rent Expense accounts also affect retained earnings because they are closed to the Income Summary account, which is closed to the
Retained Earnings account. The Common Stock account does not affect retained earnings. Common stock represents stockholders' claims arising from their investment in the company. Retained earnings represent stockholders' claims arising from profitable operations.
NEW QUESTION: 2
Which technology used in HPE SimpliVity allows a reduction in storage consumption?
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