The term "reserves" is used for forms of equity other than that contributed by shareholders.

Name: The term "reserves" is used for forms of equity other than that contributed by shareholders.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Reserves refer to profits that have been accumulated and kept by the company instead of being distributed as dividends to shareholders. These can include retained earnings, capital reserves, and other reserves created for specific purposes such as contingencies or expansion.

The Term "Reserves" Is Used for Forms of Equity Other