When Taking an Online Course, You Should

question 123

Multiple Choice

When taking an online course, you should:

• A) read all your materials electronically rather than print them.
• B) be prepared to do less reading than you would in an in-person class.
• C) assume that you will be reading primarily journal articles.
• D) read and respond to other students' online posts in discussion boards.

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Definitions:

Retained Earnings

The portion of net income not distributed as dividends but retained by the company to reinvest in its business or to pay debt.

Accounting Period

A specific duration of time for which financial statements are prepared, often annually, quarterly, or monthly, to measure financial performance.

Adjusted Trial Balance

An inventory of all accounts with their adjusted balances, utilized to compile financial statements.

Net Income

Net income refers to the total earnings or profit a company generates, calculated by subtracting all expenses, taxes, and costs from its total revenue.