All of the Following Represent Examples of Sources of Secondary

question 65

Multiple Choice

All of the following represent examples of sources of secondary data EXCEPT:

• A) trade organizations.
• B) the Bureau of Census.
• C) the Internet.
• D) A and B
• E) survey data.

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Definitions:

Retained Earnings Account

An equity account on the balance sheet that represents the accumulated net earnings not distributed to shareholders in the form of dividends.

Net Income

The final income of a company, achieved by subtracting expenses and taxes from the total revenues.

Income Tax Expense

The expense incurred by individuals or corporations due to taxable income, recognized in financial statements.

Corporation

A business organized as a separate legal entity under state corporation law, having ownership divided into transferable shares of stock.