When an Event Must Occur, Its Probability Is 100

question 65

True/False

When an event must occur, its probability is 100.

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Definitions:

Dividends Account

An account used in double-entry bookkeeping to record dividends paid out to shareholders during an accounting period.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders, often reinvested into the business.

Ledger Accounts

Records within a ledger that summarize all the transactions related to a specific account, providing a complete record of financial transactions over the life of the account.

Net Income

The sum a company earns net of all expenses and taxes, deducted from its overall revenue.