Changes in Retained Earnings Result from Effects of Prior Period

question 35

True/False

Changes in retained earnings result from effects of prior period adjustments, net income or loss, or dividends declared.

---

Definitions:

Independence

The state or quality of being self-sufficient and not reliant on external support or aid.

Permissive/neglectful

A parenting style characterized by a lack of discipline and attentiveness, often leading to lack of control and poor self-regulation in children.

Permissive/indulgent

A parenting style characterized by low demands with high responsiveness, where parents are lenient and communicate openly with their children.

Families

are groups of individuals related by blood, marriage, or other forms of commitment, sharing living arrangements, and economic and emotional ties.