Examlex
Which of the following statements is true?
Equipment
Tangible property owned by a business that is used in its operations to generate income, such as machinery or tools.
Contributed Capital
Funds raised by a company through the issuance of shares to investors, reflecting the equity capital contributed by shareholders.
Total Assets
The sum of all assets (current and non-current) owned by a business.
Retained Earnings
It represents the cumulative amount of net income earned by a company that is retained rather than distributed to its shareholders as dividends.
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