Examlex
In social psychology, people who regard traits and abilities as fixed and stable are known as ____, while people who believe that it is possible to change and improve traits and abilities are known as ____.
Adjusted Trial Balance
A trial balance that reflects all adjustments made to the general ledger accounts, ensuring the debits equal the credits prior to preparing financial statements.
Balance Sheet Columns
Sections within the balance sheet that categorize assets, liabilities, and equity accounts to display a company's financial position at a specific point in time.
Net Income
Net income is the total profit of a company after all expenses, taxes, and costs have been deducted from total revenue.
Retained Earnings
The portion of net income left over for the business after it has paid out dividends to its shareholders, which is reinvested in the business.
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