Daniel, the owner of a bookstore, decides to reinvest his personal profits from the current fiscal year toward renovating the store and expanding its inventory. In the context of owners' equity, the profits that Daniel reinvests in the bookstore are called:
A. bonus shares.
B. retained earnings.
C. current liabilities.
D. equity releases.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Daniel, the owner of a bookstore, decides to reinvest his personal profits from the current fiscal year toward renovating the store and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The three categories of managers that stand out with regard to ethical and moral principles in business affairs are managers who are "full-time believers" in high ethical standards, managers who are "part-time believers" (part-timers behave
Answers (1)
How can you differentiate between various economic systems that exist
Answers (1)
LNS corporation reports book revenue of $2,910,000. Included in the $2,910,000 is $16,500 of tax-exempt interest income. LNS reports $2,837,500 in ordinary and necessary business expenses. What is LNS Corporation's taxable income for the year?
Answers (1)
When preparing her monthly budget, Maria Kent has projected income of $4,200. Each month she pays $1,000 in rent, $53 for life insurance, and $240 for her auto loan. What percentage of her budget goes for these fixed expenses?
Answers (1)
A garden center sells a certain grass seed in 5-pound bags at $13.85 per bag, 10-pound bags at $20.43 per bag, and 25-pound bags at $32.25 per bag.
Answers (1)
New Questions in Business
Appalachian mountain goods has paid increasing dividends of $.10, $.12, $.15, and $.20 a share over the past four years, respectively.
Answers (1)
What type of skills tends to be equally important at all levels of management? a. technical skills b. human skills c. decisional skills d. motivation to manage e. conceptual skills
Answers (1)
Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time.
Answers (1)
Which NIMS structure develops, recommends, and executes public information plans and strategies? A. Emergency Operations Center (EOC). B. Incident Command System. C. MAC Groups. D. Joint Information System (JIS).
Answers (1)
Rules of Debit and CreditThe following table summarizes the rules of debit and credit. Indicate whether the proper answer is a debit or a credit.
Answers (1)