Earnings reinvested in the business to replace equipment, add new facilities, or serve as financial protection are called

Name: Earnings reinvested in the business to replace equipment, add new facilities, or serve as financial protection are called
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Retained earnings refer to the portion of net income that is retained by the corporation rather than distributed to its owners as dividends. These funds are often used for reinvestment in the business, such as replacing equipment or expanding operations.

Earnings Reinvested in the Business to Replace Equipment, Add New