Consolidated Retained Earnings Include

question 13

Multiple Choice

Consolidated Retained Earnings include:

• A)Consolidated Net Income less any dividends declared by either the parent or the Subsidiary.
• B)Consolidated Net Income less any dividends declared by the parent only.
• C)the parent's Net Income plus its share of the Subsidiary's income less any dividends declared by either the parent or the Subsidiary.
• D)the parent's Net Income less any dividends declared by the parent.

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Definitions:

Stare Decisis

A legal doctrine that obligates courts to follow the precedents established in previous rulings, ensuring consistency and predictability in the law.

Courts of Chancery

Courts that administer equity and handle matters such as trusts, estates, and guardianships, distinct from courts that deal with law.

Law of Equity

A branch of law that supplements common law by providing remedies and justice that are not available in traditional legal systems, focusing on fairness.

Common Law Courts

Courts that base their decisions on precedents or judicial rulings rather than written statutes.