Retained Earnings Is the Earnings That Have Been Kept and not

question 63

True/False

Retained earnings is the earnings that have been kept and not paid out as dividends.

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Definitions:

Intangible Assets

Non-physical assets that provide economic benefits to their owners, such as patents, copyrights, trademarks, and goodwill.

Balance Sheet

A financial statement that showcases a company's assets, liabilities, and stockholders' equity at a specific point in time.

Current Asset

Assets that are expected to be converted into cash, sold, or consumed within one year or the normal operating cycle of the business, whichever is longer.

Fraud Triangle

A theoretical model that asserts three factors must be present for an individual to commit fraud: motivation, opportunity, and rationalization.