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3 years ago

Retained earnings:

Business

1 answer:

Lubov Fominskaja [6]3 years ago

7 0

Answer:

1.Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.

Explanation:

Retained earnings is an element of the balance sheet that represents the accumulated net income and losses and the amount paid to the shareholders over the years as dividend.

Each year, the company's net income or loss from the statement of profit or loss is posted into the retained earnings account.

It is an integral part of the owners equity along with ordinary share capital.

As such, retained earnings generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.

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sukhopar [10]

Answer:

A : True

Explanation:

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2 years ago

Explain the concept of delegation of authority

Archy [21]

Explanation:

Delegation of authority is a process that enables a person to assign a task to others. As a manager or leader, you're expected to perform several tasks and meet multiple deadlines. To ensure that you achieve your objectives on time, you delegate responsibility to your team members

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3 years ago

Read 2 more answers

Product modification occurs even when changes are made to a product's aesthetic appearance rather than its quality and functiona

Rainbow [258]

False :
because a product modification occurs when changes are made in how the product functions, its quality, or some aesthetic characteristic of the product.
(Here it’s says only the aesthetic but it’s all)

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3 years ago

XYZ Corporation uses the FIFO method in its process costing system. The Assembly Department started the month with 1,000 units i

Georgia [21]

Answer: 61,200 units

Explanation:

Using the FIFO method:

= Equivalent units for beginning WIP + Units started and finished + EUP Ending WIP

Units started and finished = 65,000 additional units - 10,000 closing WIP

= 55,000 units

80% of the beginning WIP had been completed in the previous month so only 20% remains.

EUP Conversion = (1,000 * 20%) + 55,000 + (10,000 * 60%)

= 61,200 units

5 0

2 years ago