Retained Earnings Represent the Cumulative Total of All Earnings, Net

question 162

True/False

Retained earnings represent the cumulative total of all earnings, net of dividends, that have been retained and reinvested in the firm since its inception.

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Definitions:

Conscious Effort

Deliberate and intentional attempt to think about or do something.

Automatic Reaction

An involuntary and immediate response to a particular stimulus without conscious thought.

Gust Of Wind

A gust of wind is a brief, strong rush of wind that suddenly increases in speed before diminishing.

Spinal Cord

The main pathway for information connecting the brain and peripheral nervous system.