Instructions: Identify the Following Terms

question 8

Short Answer

Instructions: Identify the following terms:
John Rolfe

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Definitions:

Retained Earnings

The accumulated portion of net earnings not distributed to shareholders but reinvested in the business.

Shareholders' Equity

The ownership interest of shareholders in a company, calculated as total assets minus total liabilities.

Revenues

Income generated from normal business operations and includes discounts and deductions for returned merchandise.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing ownership interest held by shareholders.