Net income that has been earned by the corporation but not paid out as dividends are ______________________________
Fill in the blank(s) with correct word
retained earnings
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Collateral from unsecured loans may be sold to offset the loan obligation if the loan is in default.
Answer the following statement true (T) or false (F)
Which of the following statements is CORRECT?
A. If some cash flows occur at the beginning of the periods while others occur at the ends, then we have what the textbook defines as a variable annuity. B. The cash flows for an ordinary (or deferred) annuity all occur at the beginning of the periods. C. If a series of unequal cash flows occurs at regular intervals, such as once a year, then the series is by definition an annuity. D. The cash flows for an annuity due must all occur at the beginning of the periods. E. The cash flows for an annuity may vary from period to period, but they must occur at regular intervals, such as once a year or once a month.
A list of the accounts and their balances at the end of the period, after journalizing and posting the closing entries, is called ________
A) chart of accounts B) adjusted trial balance C) post-closing trial balance D) pre-closing balance sheet
Define target cost. How is target cost determined?
What will be an ideal response