The ________ Account on the Balance Sheet Shows Profits That

question 97

Multiple Choice

The ________ account on the balance sheet shows profits that the firm has reinvested in the company.

• A) retained earnings
• B) stockholder's equity
• C) intangible assets
• D) notes payable

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Definitions:

Fixed Exchange Rate

Rate of exchange between currencies pegged within a narrow range and maintained by the central bank’s ongoing purchases and sales of currencies.

Central Banks

National financial institutions that provide financial and banking services for a country's government and commercial banking system, as well as implementing the government's monetary policy and issuing currency.

Trade Barriers

Measures imposed by governments to regulate international trade, often to protect domestic industries from foreign competition.

International Monetary Fund

An international organization dedicated to fostering global monetary cooperation, securing financial stability, and facilitating international trade.