Ending Retained Earnings Reported on the Statement of Retained Earnings

question 257

True/False

Ending retained earnings reported on the statement of retained earnings is calculated by adding stockholder investments and net losses and subtracting net income and dividends.

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Definitions:

Preponderance of Evidence

A standard of proof in civil cases, which requires that the greater weight of the evidence must support the party's case.

Reasonable Suspicion

A legal standard of proof in United States law that is less than probable cause, the standard for arrests, but more than an inchoate and unparticularized suspicion or hunch, used to justify brief stops and detentions, but not full searches.

Coin Flip

A simple randomization technique used to select one of two options, often used in decision making, games, and settling disputes.