Retained Earnings at the End of the Period Is Equal

question 70

Multiple Choice

Retained earnings at the end of the period is equal to

• A)retained earnings at the beginning of the period plus net income minus liabilities.
• B)retained earnings at the beginning of the period plus net income minus dividends declared.
• C)net income for the period.
• D)assets plus liabilities.

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Definitions:

NAD+

Nicotinamide adenine dinucleotide, a coenzyme present in all living cells that is crucial for energy metabolism and cellular functions.

ATP Molecules

Adenosine triphosphate molecules, which serve as the primary energy carrier in all living organisms, facilitating energy transfer within cells.

Oxidation

A chemical reaction in which a substance loses electrons, often associated with the gain of oxygen or the loss of hydrogen, leading to an increase in oxidation state.

Glucose

A simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.