Column Totals Are Generally Placed at the Top of the Column

question 23

True/False

Column totals are generally placed at the top of the column, but they may be placed at the bottom when the writer wants to emphasize them.

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Definitions:

Retained Earnings

Accumulated net incomes of a company not paid out as dividends but retained for reinvestment in the business or to pay off debts.

Shareholders' Equity

This represents owners' claims after all liabilities have been deducted from the total assets of a company.

Total Liabilities

The sum of all financial obligations a company owes to outside parties.

Dividends Declared

An announcement by a company's board of directors of a dividend payment to shareholders, indicating the amount and payment date.