Wednesday, March 13, 2013

Accounting Midterm Exam ACG-2011: Question 55

Retained earnings:
correctGenerally consists of a company's cumulative net income less any net losses and dividends declared since its inception.
Can only be appropriated by setting aside a cash fund.
Represent an amount of cash available to pay shareholders.
Are never adjusted for anything other than net income or dividends.
All of these.

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