Financial Statement: Fill In the Blanks

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Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 12, 2023

1. The statement of retained earnings is also known as the .

2. From the date of , the company can legally earn profit.

3. Profit prior to incorporation cannot be distributed in the form of .

4. Profit earned before the issuance of a certificate entitling the company to commence business is shown as a in the balance sheet.

5. A dividend is a distribution of a portion of the companys to shareholders.

6. An unclaimed dividend is shown as a in the balance sheet.

7. Interim dividends enhance the of the corporation.

8. When a dividend is declared, is debited.

9. The expenses and revenue summary is also known as the .

10. When net income is transferred to retained earnings, the expenses and revenue summary is .

Financial Statement: Fill In the Blanks FAQs

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About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.