Retained profits - Study guides, Class notes & Summaries
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Peregrine Exam Prep (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct
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Peregrine Exam Prep (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct 
 
Q: What is the difference between an implicit cost and an explicit cost? 
 
 
Answer: 
An implicit cost is present but it is not initially shown or reported as a separate cost. 
 
An explicit cost is a cost that is present and it is clearly shown or reported as a separate cost. 
 
 
 
Q: What is the difference between stocks and bonds? 
 
 
Answer: 
Stocks, or shares of capital stock, represent an owne...
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Achievable SIE Exam questions and answers well illustrated.
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Achievable SIE Exam questions and answers 
well illustrated. 
issuer - correct organization that distributes and sells securities to investors 
security - correct term for investment (stocks, bonds, mutual funds, options, 
ETFs) 
equity - correct l term for ownership 
two ways to make money on common stock - correct answers.1. capital appreciation/gains 
2. cash dividends 
retained earnings - correct ts retained by a company that are often used to 
expand and reinforce business operations, NOT...
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Corporate finance Questions and Correct Answers & Latest Updated
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The over all goal of the financial manager is to ____ 
o :## Maximize the company's stock market price 
Which of the below is the goal that according to most financial professionals corporate 
managers ought to pursue? 
o :## Maximize shareholder wealth 
Which of the following is an example of aligning managers' personal interests with those of 
the owners? 
o :## Offer the managers shares of common stock of the firm 
For corporations, maximizing the value of owners equity can also be stated...
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Advanced Accounting test bank with verified solutions
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Advanced Accounting test bank with verified 
solutions 
In periods subsequent to an intra-entity depreciable asset transfer (at a gain), 
Consolidation Entry *TA is modified when the parent applies the equity 
method and the transfer was downstream. The modification replaces the 
adjustment to the parent's retained earnings with an adjustment to the Investment in 
Subsidiary account because ________. - answer 
Inventory transfers among affiliates within a consolidated entity - 
answerpro...
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PRAXIS 5101 Latest 2023 Already Graded A
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PRAXIS 5101 Latest 2023 Already Graded A Assets Something valuable that an entity owns, benefits from, or has use of, in generating income. 
Different types of assets Fixed, variable, intangible, tangible 
examples of fixed assets Tangible assets used to generate profit and will not be turned into cash within the year: "plant," land, computer equipment, furniture, cars, buildings, and equipment used to make products 
What are variable assets May be transformed to cash sooner; inventory of prod...
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Business Law (BU231) Final Exam Review – With Questions & Answers (100% Verified)
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Business Law (BU231) Final Exam Review – With Questions & Answers (100% Verified) 
Business Law (BU231) Final Exam Review – With Questions & Answers (100% Verified) 
 
Liabilities are defined as: - ANSWER - amounts owed to lenders or creditors. 
 
Assets are defined as: - ANSWER - economic resources of a company. 
 
Which of the following does NOT describe Stockholders' Equity? 
 
A. Money lent to a business 
B. Money invested in a business by its owners 
C. The owners' claim on the assets...
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AHLEI Final exam 2024 with 100% correct answers
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Why is it important that you, a hospitality student or professional, study accounting? - correct answer As a user of financial information, you need to know how the information is processed and how reports are prepared. 
 
The fundamental purpose of accounting is to: - correct answer provide accurate, useful, and timely financial information. 
 
The fundamental accounting equation is: - correct answer assets = liabilities + equity 
 
In the double-entry system of accounting: - correct answer...
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Coop Exam 2 Questions & Answers 2023/2024
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Coop Exam 2 Questions & Answers 2023/2024 
 
 
Co-ops Operate: - ANSWER-At cost for the provision of members/patrons goods and services 
 
Co-ops are obligated by the IRS to allocate a minimum of 20% of profits: - ANSWER-As patronage refunds 
 
To meet capital needs at co-op: - ANSWER-Can retain a portion of earnings 
 
The way in which patronage is paid by cooperative depends upon: - ANSWER-A cooperatives board of directors 
 
The Standards Act require repayment of equity that is retained: - A...
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AC Exam 1 practice questions fully solved & verified for accuracy
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The primary goal of most companies is to 
make a profit 
 
 
 
True or False: The accounting equation is Assets = Liabilities + Stockholders' Equity. 
True 
 
 
 
 
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Place the single-step income statement items in the proper order from top to bottom. 
1. Revenue 
2. Expenses 
3. Net Income 
 
 
 
Individual expenses are accumulated in separate 
accounts 
 
 
 
Match the fi...
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Peregrine Exam Questions With Answers 2024/2025 Graded A+ | (100% Verified)
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Peregrine Exam Questions With Answers Latest 2024/2025 Graded A+ | (100% Verified) What is a general ledger? 
A general ledger account is an account or record used to sort, store and summarize a 
company's transactions. 
asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and 
Equipment 
liability accounts including Notes Payable, Accounts Payable, Accrued Expenses 
Payable, and Customer Deposits 
stockholders' equity accounts such as Common Stock, Retained Earnings...
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