Examlex
Which of the following is true of an Allen wrench?
Dividends Payable
A liability account recording the amount a company owes to its shareholders in announced dividends to be paid.
Retained Earnings
Retained earnings refer to the portion of a company's profits that is retained or kept within the company instead of being paid out to shareholders as dividends, to be reinvested in business operations or to pay off debt.
Retained Earnings
Cumulative net earnings not distributed as dividends to shareholders, reinvested in the business or available for debt repayment.
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