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Jeff Fort

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Q: Who was the black prison gang leader is believed to have retained power for the longest period of time?
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Which planet has the longest rotation period?

Pluto has the longest REVOLUTION period Venus has the longest ROTATION period


What is the longest period in the periodic table?

6th and 7th period are the longest period of the perodic table


Retained earnings at the end of the period is equal to?

beginning retained earnings +net income+dividends


Does net income for the period equal retained earnings for the same period?

If company has the policy to not distribute profit as a dividend then retained earnings will be equal to net income otherwise dividend and retained earnings will be equal to net income.


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What is the statement of retains earning and what information does it provide?

The statement of retained earnings is a business statement that illustrates the total retained earnings by a company at the end of a period. Basically the statement starts with retained earnings from the previous period, then adds any gains (on investments) and subtracts any losses (dividends declared, goodwill, discontinued operations). You are then left with the retained earnings for the current period.


What planet orbits the longest?

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Where will you put Prior Period Adjustment?

Prior period adjustments are typically reported in the statement of retained earnings, which shows the changes in retained earnings over a specific period. They are used to correct errors in the financial statements from prior periods and ensure the accuracy of the financial information presented.


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Prior period adjustments are reported as an adjustment to which account?

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