Question

Which account would be best suited to AI?

a) Taxes

b) Retained earnings

c) Cash

d) Long-term liabilities

Answer 1

As in the question there is no proper information for the term AI

we assume it as

AI = annual income

Annual income is the income earned by the organisation for a particular accounting period or financial period

All those income is belongs to the equity shareholders or common stock holders of the organisation.

In other words we can say all the retained earnings are belongs to the equity shareholders or common stockholders

So the answer is option B or 2nd option .

Please note that all the above given explanation and information are completely based on the above mentioned assumption.

Please note that, this is not a copied or plagiarized answer. Same question was answered by the same expert.

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