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Which of the following statements about elimination reactions is true?
Cash Balance
The amount of cash held in a company's bank account and on hand at any given time.
Dividends Declared
Profits distributed by a company to its shareholders out of its earnings, based on the number of shares owned.
Retained Earnings
Profits that a company has earned to date, less any dividends or other distributions paid to shareholders, often reinvested in the business or kept as a reserve.
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