If Your Statement of Income and Expenditures Shows a Deficit,you

question 26

Multiple Choice

If your statement of income and expenditures shows a deficit,you may have

• A) increased your debts.
• B) increased your assets.
• C) added to savings.
• D) bought additional insurance.
• E) paid off some of your debts.

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Definitions:

Shares Outstanding

The total number of a company's shares of stock that are owned by shareholders, including both public investors and corporate insiders.

Retained Earnings

Retained earnings are the cumulative amount of net income left over for a company after it has paid out dividends to its shareholders, reinvested in the business, or used to pay off debt.

Treasury Stock

Shares that were issued and later reacquired by the corporation, reducing the number of outstanding shares in the market.