Retained earnings:
a. Generally consists of a company's cumulative net income less any...
Business, 11.02.2020 16:26, angelrenee2000
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. Represents the amount shareholders are guaranteed to receive upon company liquidation.
d. Are never adjusted for anything other than net income or dividends.
e. Represent an amount of cash available to pay shareholders.
Answers: 2
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