Finra Exam Series-7 Topic 2 Question 68 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 68
Topic #: 2

[All Series-7 Questions]

In a corporation's financial statements, earned surplus is also recognized as:

Agross profit

Boperating income after payment of interest expense

Cearnings retained after payment of dividends to shareholders

Dnet income

Show Suggested Answer

Suggested Answer: C

earnings retained after payment of dividends to shareholders. The other choices are clearly incorrect. Earned surplus is also referred to as retained earnings.

by Linn at Apr 02, 2023, 12:02 AM

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