Retained Earnings Measures the Cumulative Excess of Net Income Over

question 28

True/False

Retained earnings measures the cumulative excess of net income over dividends for the life of a firm.Cumulative means that retained earnings aggregates all undistributed earnings.

---

Definitions:

Styles Group

is a collection of predefined styles and formats in software applications that allow for consistent and quick formatting of documents or elements.

Accounting Number Format

A style of formatting numbers in financial and accounting documents that aligns currency symbols and decimal points for easier comparison.

Fixed Dollar Sign

A symbol used to denote currency, specifically the dollar, that is anchored or positioned in a consistent location within financial documents or spreadsheets.

Selected Range

A group of cells or area that a user has designated or highlighted in a spreadsheet or document for the purpose of applying a specific operation.