Net Income of a Corporation Should Be Closed to Retained

question 156

True/False

Net income of a corporation should be closed to retained earnings and net losses should be closed to the share premium account.

Explain the physiological impact of undernourishment and how it affects the body.

Identify dietary sources to prevent specific nutrient deficiency diseases.

Distinguish between the dietary needs and adaptations of different types of animals, including heterotrophs, autotrophs, saprobes, and detritivores.

Understand the causes and effects of specific nutritional deficiency diseases.

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Definitions:

Fixed Asset

Long-term tangible property or equipment that a firm owns and uses in its operations to generate income, not expected to be consumed or converted into cash within a year.

Cash Payback Method

A capital budgeting technique that estimates the time required to recoup the initial investment in a project, using cash inflows.

Average Rate of Return

A financial metric used to estimate the profitability of an investment, calculated by dividing the average annual profit by the initial investment cost.

Capital Investment Analysis

The process of assessing the profitability and risk of potential investment opportunities in capital assets.