When Preparing the Balance Sheet,the Final Balancing Element of the Balance

question 122

Multiple Choice

When preparing the balance sheet,the final balancing element of the balance sheet is:

• A)Cash.
• B)Net income.
• C)Retained earnings.
• D)Dividends.

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Definitions:

Voting Rights

The entitlement of shareholders to vote on corporate matters, such as the election of the board of directors, at shareholder meetings.

Business Combination

The process of merging two or more companies into one entity, usually to expand market share or diversify risk.

Hostile Takeover

An acquisition attempt by a company or investor group to obtain control of a target company against the wishes of its management and board of directors.

Premium Price

A price that is higher than the usual or standard price, often reflecting higher quality, limited availability, or additional features.