If the Beginning Balance of Retained Earnings Equals $10,000,net Income

question 28

True/False

If the beginning balance of Retained Earnings equals $10,000,net income for the year equals $6,000,and dividends for the year equal $2,000,then the ending balance of Retained Earnings equals $18,000.Ending Retained Earnings = beginning Retained Earnings ($10,000)+ net income ($6,000)- dividends ($2,000)= $14,000.

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Definitions:

Two-phase Power System

A two-phase power system is an electrical power distribution method that uses two alternating currents, which are offset in phase by one-quarter of a cycle (90 degrees).

Phase

A measure of the position of a point in time on a waveform cycle, often used in the context of alternating currents to describe the difference in timing between two waveforms.

Consequent-pole Motor

A type of electric motor design that uses additional poles (generated by connections in the winding) to improve torque and reduce pulsations in multi-phase systems.

Running Torque

The torque a motor produces at its rated speed and voltage, crucial for understanding the operational efficiency of the motor.