Retained Earnings

question 187

Multiple Choice

Retained earnings:

• A)Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.
• B)Can only be appropriated by setting aside a cash fund.
• C)Represent an amount of cash available to pay shareholders.
• D)Are never adjusted for anything other than net income or dividends.
• E)Represents the amount shareholders are guaranteed to receive upon company liquidation.

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Definitions:

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Sociology

The scientific study of society, including patterns of social relationships, social interaction, and culture.

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The range of skills, talents, and capacities possessed by individuals.

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