When Vicky Tran Prepared a Personal Income Statement,the Remainder or Residual

question 192

Multiple Choice

When Vicky Tran prepared a personal income statement,the remainder or residual value is called

• A) net asset total.
• B) total assets.
• C) total revenues.
• D) retained earnings.
• E) cash surplus.

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Definitions:

Federal Income Taxes

Taxes levied by the United States federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.