Retained earnings represent the net assets (total assets - total liabilities) a firm derives from its earnings that exceed the dividends
Indicate whether the statement is true or false
F
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After closing entries are posted to the accounts in the general ledger, all asset and liability accounts have a balance of zero.
Answer the following statement true (T) or false (F)
What are the potential consequences of a genetic disorder that prevents an individual from properly forming microtubules? Select all the apply.A) Their cells will not be able to maintain a normal cell shape.B) Their cells would not be able to divide correctly during cellular division.C) Their cells would not be able to breakdown fatty acids and lipids.D) The cilia located on the respiratory cells would not function correctly.
What will be an ideal response?
Retained earnings are:
a. a reduction in arriving at net income. b. an addition to other income on the income statement. c. accumulated undistributed earnings of the corporation reported on the balance sheet. d. shown after discontinued operations on the income statement.
Under this arrangement, Pam has to pay rent to ________
A) Donald B) Chris C) Dave D) Chad