When Preparing the Retained Earnings Statement, ________ Is(are) Subtracted in Order

question 39

Multiple Choice

When preparing the retained earnings statement, ________ is(are) subtracted in order to derive at the ending balance of retained earnings.

• A) net profits after taxes
• B) interest expense
• C) depreciation
• D) dividends

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Definitions:

Layoff

The temporary or permanent dismissal of employees from their job due to economic downturns, restructuring, or other organizational changes.

CEO

Chief Executive Officer, the highest-ranking person in a company or institution, ultimately responsible for making managerial decisions.

Verbal Communication

The use of spoken or written words to convey a message or exchange information between individuals or groups.

Nonverbal Communication

Involves the transmission of messages or information between individuals through visual, auditory, tactile, and kinesthetic means without using words.