Why Does Ice Float on Water

question 55

Essay

Why does ice float on water?

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Definitions:

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders, often reinvested in the company.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Income Statement

A financial statement that shows a company's revenue, expenses, and profit over a specific time period.

Income Statement

A financial statement that reports a company's revenues, expenses, and net income over a specific period.