When the retained earnings has a debit balance it is called a "deficit".
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Q46: Companies must have enough cash before they
Q47: There is no obligation to pay dividends
Q48: Dividends are distributed from retained earnings.
Q49: If the board of directors has not
Q50: A dividend is a pro rata distribution
Q52: Income tax expense is shown on the
Q53: Journal entries are made on the date
Q54: Income taxes only affect the income statement.
Q55: Retained earnings is a temporary account.
Q56: The primary consideration for the decision to
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