A Negative Balance in Retained Earnings Is Called a Deficit

question 20

True/False

A negative balance in retained earnings is called a deficit.

---

Definitions:

Cyber Disparagement

Negative and false statements made on digital platforms that harm a person’s or organization’s reputation.

False Statements

Intentionally misleading or untrue claims or declarations, which can be illegal in many contexts such as finance and law.

Injunction

A judicial order that prohibits a party from performing a specific act or mandates a party to perform a specific act in order to prevent harm or injustice.

Pay Damages

The act of compensating someone for loss or injury typically determined by a court of law.