Examlex
Which of the following statements is false?
Retained Earnings
Accumulated net income that a company decides to keep rather than distribute to its shareholders as dividends.
Owners' Equity
Owners' equity represents the ownership interest of the shareholders or owners in the net assets of a company, reflecting the difference between assets and liabilities.
Current Liability
A financial obligation that is due within one year or within the normal operating cycle of the business.
Worksheet
A paper or spreadsheet used by accountants to prepare adjusting entries and to produce financial statements.
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