Gem Corp Has $100 Million in Assets and $50 Million in in Liabilities

question 114

Short Answer

Gem Corp. has $100 million in assets and $50 million in liabilities. Last year, the company earned $10 million in net profit and paid out $5 million in dividends to shareholders. What are the retained earnings for the company?
$50 million
$5 million
$45 million
$90 million
$95 million

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Definitions:

Chlorine Level

A measure of the amount of chlorine present in a substance, often used in water treatment to ensure the water is safe for consumption.

Water Park

A recreational facility that features water play areas, such as swimming pools, water slides, and splash pads.

P-value

The probability of observing a test statistic at least as extreme as the one observed, under the assumption that the null hypothesis is true.

Sampling Variation

The variability in statistics and results that occurs by chance when only a subset of the population is sampled.