Which of the Following Statements Is True

question 24

Multiple Choice

Which of the following statements is true?

• A)The par value of shares is the current market price of the common stock shares issued by the FI times the number of shares outstanding.
• B)Retained earnings is the accumulated value of past profits not yet paid out in dividends to shareholders.
• C)Loan loss reserve is a special reserve set aside out of retained earnings to meet unexpected losses on the portfolio.
• D)All of the listed options are correct.

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