The Addition to Retained Earnings for the Financial Planning Period

question 2

Multiple Choice

The addition to retained earnings for the financial planning period is equal to:

• A) Net Income + Taxes - Dividends.
• B) Net Income - Dividends.
• C) Net income + Depreciation - Dividends.
• D) Sales - Dividend.

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Definitions:

Lanugo

Fine, soft, unpigmented fetal hair.

Colostrum

Thin, white fluid; the first milk secreted by the breast at the termination of pregnancy; contains less fat and lactose than the milk secreted later.

Fetal Hair

Also known as lanugo, it is the fine, soft hair that covers the body of a fetus as a form of insulation.

Primary Hair

The main or guard hairs that form the outer coat of an animal's fur, providing protection against the elements.