Retained earnings represents: cash that is available for dividends. the total ne
ID: 2422759 • Letter: R
Question
Retained earnings represents:
cash that is available for dividends.
the total net income of the firm since its beginning.
cumulative net income of the firm since its beginning that has not been distributed to its stockholders in the form of dividends.
net income plus gains (or minus losses) on treasury stock transactions
A.cash that is available for dividends.
B.the total net income of the firm since its beginning.
C.cumulative net income of the firm since its beginning that has not been distributed to its stockholders in the form of dividends.
D.net income plus gains (or minus losses) on treasury stock transactions
Explanation / Answer
Answer: C. cumulative net income of the firm since its beginning that has not been distributed to its stockholders in the form of dividends.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.