A Negative Balance in Retained Earnings Is Called a Deficit

question 20

True/False

A negative balance in retained earnings is called a deficit.

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Definitions:

Openness

Willingness to consider new ideas, experiences, and suggestions; one of the Big Five personality traits.

Curious

Having a strong desire to learn or know something.

Unworried

A state of being free from concern, anxiety, or stress about future events or outcomes.

Corporate Income Taxes

Taxes imposed on the net income (profit) of corporations.