Examlex
Which of the following statements is not true?
Retained Earnings
The residual net income available to a business after distributing dividends to its shareholders.
Net Income
Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenues.
Dividends
Payments made by a corporation to its shareholders, usually as a distribution of profits.
Gross Profit Percentage
A financial ratio that expresses the gross profit as a percentage of sales revenue, indicating the efficiency of production and cost management.
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