The Principle of Fluid Balance States That Fluid Intake Normally

question 96

True/False

The principle of fluid balance states that fluid intake normally equals fluid output.

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Definitions:

Appropriating Retained Earnings

The process of allocating retained earnings, often to specific purposes or reserves, as determined by a company's management or board of directors.

Accumulated Depreciation

The total depreciation for a fixed asset that has been charged to expense since that asset was acquired and made available for use.

Retained Earnings

Accumulated net income after dividends that is reinvested in the business.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue, a key indicator of a company's financial health.