A Virtual Corporation May Not Make Anything at All

question 39

True/False

A virtual corporation may not make anything at all.

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Definitions:

Dividends

Capital returned to shareholders by a company, often representing a share of the company's profits.

Ending Balance

The amount of money in an account at the end of a period after all transactions have been accounted for.

Adjustments Columns

Columns in accounting records used to make necessary modifications to account balances before preparing the final financial statements.

Adjusted Trial Balance

A financial statement that displays all balances of accounts after adjustments have been made, used to prepare final financial statements.