Retained profits - Study guides, Class notes & Summaries

CDT exam Questions with Correct Answers (solved) 1. The method of computation of Contractor's overhead and profits for Change Order prices, where both additions and deletions are involved, is found in the: a) Agreement. b) Conditions of the Contract. c) Division 01. d) Instructions to Bidders. - CORRECT ANSWER-b) Conditions of the Contract. 2. General Requirements are part of: a) Supplementary Conditions. b) Bidding Requirements. c) Specifications. d) Summary of Work. - CORRECT AN...

Describe the 3 financial statements and discuss the connections each has to the others? - Answer- *Balance Sheet* The balance sheet shows a company's *assets, its liabilities and shareholders' equity*. It is a snapshot of a company at one point in time. *Income Statement* The income statement outlines the company's *revenues and expenses*. It shows their *profit/loss over* a *period of time*. *B/S and I/S Connections*: 1) Interest Expense is calculated based on debt held on B/S 2) Re...

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...

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...

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...

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...

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...

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...

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...

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...