Distributions of the net income of a business to its owners are called: O dividends O monetary unit O auditing O earnings

Q: declare the dividend

A: Proprietors and speculators in independent companies get an incentive from their possession stakes…

Q: Define retained earnings.

A: Definition:   Balance sheet: This financial statement reports a company’s resources (assets) and…

Q: Which of the following accounting methods is commonly used for recognizing income and expenses in…

A: Accounting methods refer to the systematic and consistent procedures used by businesses to record,…

Q: Revenue from sources other than the primary operating activity of a business like interest expense…

A: The Multistep income statement categories the different revenues and expenses incurred during the…

Q: Retained earnings refer to the portion of a corporation's profits that are paid out to shareholders.…

A: B.  false Retained earnings are not paid to shareholders.  Generally dividend paid to shareholders ,…

Q: Which of the following accounting methods is commonly used for recognizing income and expenses in…

A: Accrual basis accounting is the most common accounting method used for recognizing income and…

Q: Explain the difference between capital expenditure and revenue expenditure, and how each type of…

A: Capital expenditure is an expense which is made to purchase an asset or to increase the capacity of…

Q: What major items are included in the Retained Earnings Statement?

A: Retained earnings statement  is financial statements that states firm income after every payment.…

Q: Are retained earnings apart of the companys net assets

A: Net assets of the company= Total Assets of the company minus its liabilities. Retained earnings is…

Q: In which account, how do businesses keep track of their profits arising from the sale of tangible…

A: In a business, a situation arises when the firm has to sell its assets due to various reason. On…

Q: How does the return on common equity show the relationship between net income and the common…

A: The return on equity is the percentage earned on the equity investment made by the company. It shows…

Q: Which item of the income statement represents the taxable income of the firm?     EBIT…

A: Taxable income is the income after deducting all the expenses in the business, before applying tax…

Q: What are the distributions to the stockholders by a firm called?  A. retained earnings B. net income…

A: Any Company Typically divides the Profits between itself to the company or it's stock holders.…

Q: Net Income may also be called O earnings or net profit O operating margin O EBIT O retained earnings

A: Net Income is the amount a company has left after paying off all its expenses. It is calculated by…

Q: how do i calculate retained earnings

A: Retained earnings: Retained earnings are that portion of profits which are earned by a company but…

Q: Real assets are assets used to produce goods and services always the same as financial assets always…

A: Real assets are tangible / physical assets used in production of goods or services. These assets are…

Q: Dividends are (Select all that apply.) required amounts owed to shareholders reported on the Income…

A: The dividend is considered as a part of the distributable profit distributed by the company to its…

Q: One of the financial statements is a balance sheet.  The balance sheet reflects the assets of the…

A: Given The Balance Sheet is one of the financial statements.

Q: Liabilities and stockholders' equity are: O increases in assets resulting from profitable operations…

A: Economic resources refers to resources which are used to produce goods and services So, Economic…

Q: b. Calculate the business income apportioned to State X. Business Income State X

A: The organization operates a business to make a profit. Organizations earn income from business and…

Basic Accounting Terms

Accounting terms are accounting terminology, accounting jargon, accounting acronyms, and accounting vocabulary that are commonly used to understand accounting fundamentals. It would be difficult for anyone to read, understand, and interpret the company's financial statements if they did not understand and know the meaning of the basic accounting terms.