The Amount Shown on the December 31, 2009 Balance Sheet

question 41

True/False

The amount shown on the December 31, 2009 balance sheet as "retained earnings" is equal to the firm's net income for 2009 minus any dividends it paid.

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Definitions:

Vas Deferens

The duct through which sperm travels from the testicle to the urethra, essential for the delivery of male gametes to the female reproductive tract.

Male Sterilization

A form of contraception involving a surgical procedure (vasectomy) that makes a man permanently unable to father children.

Laparoscopy

A form of tubal ligation using a viewing lens (the laparoscope) to locate the fallopian tubes and another instrument to cut or block and close them.

Tubal Ligation

The cutting and tying off or other method of closure of the fallopian tubes so that ova cannot be fertilized.