When Vicky Tran prepared a personal income statement,the remainder or residual value is called
A) net asset total.
B) total assets.
C) total revenues.
D) retained earnings.
E) cash surplus.

Question

Quizplus · Accepted Answer

The remainder or residual value in a personal income statement, after accounting for all income and expenses, is referred to as a cash surplus.

When Vicky Tran Prepared a Personal Income Statement,the Remainder or Residual