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Finra Series-7 Exam - Topic 2 Question 68 Discussion

In a corporation's financial statements, earned surplus is also recognized as:
C) earnings retained after payment of dividends to shareholders
A) gross profit
B) operating income after payment of interest expense
D) net income

Finra Series-7 Exam - 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:

Show Suggested Answer Hide 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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Cassi
10 months ago
Earned surplus = retained earnings after dividends.
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Tamra
10 months ago
Wait, are we sure about C? Sounds too simple.
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Nu
10 months ago
C makes the most sense, totally agree!
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Rasheeda
11 months ago
I thought it was D, but I see the difference now.
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Aja
11 months ago
It's definitely C, that's the definition of earned surplus!
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Elina
11 months ago
I'm really unsure about this one. I thought earned surplus was more about profits, but does that mean it's gross profit or net income?
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Karl
11 months ago
I feel like I saw a question similar to this in our practice tests, and I think it was about how surplus is linked to dividends. Was it C?
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Shelton
11 months ago
I remember something about net income being a part of retained earnings, so D could be the right answer.
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Owen
11 months ago
I think earned surplus is related to retained earnings, so maybe it's C? But I'm not entirely sure.
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Francoise
11 months ago
Hmm, I'm a bit unsure about this one. The options all seem to be related to FSPF and VSAN configuration, but I'm not entirely sure which one would be the best solution to the problem described. I'll need to think it through step-by-step.
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Shaun
11 months ago
Hmm, I'm not totally sure about this one. I'm thinking it could be the ACC global filter, but I'm not 100% confident.
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Nieves
11 months ago
Wait, I'm a bit confused. Do we need a separate master image for the 3D mapping app? And how do the different desktop types factor in? I'll need to re-read the question carefully.
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