Which of the following best describes the term "retained earnings" of a company?
A) the amount of total profits earned by a company since it began operations
B) the amount of claim that the owners have on the assets of the company
C) the future economic resources of a company
D) the accumulated net income that has not been distributed to owners as dividends
Correct Answer:
Verified
Q102: Which financial statement would you refer to
Q103: Which of the following three main activities
Q104: Which of the following describes the term
Q105: Which type of business activity is purchasing
Q106: You are a potential creditor and are
Q108: Which financial statement would you analyze to
Q109: Which of the following is NOT a
Q110: What type of account is unearned revenue?
A)
Q111: Which of the following correctly represents one
Q112: Which of the following is a correct
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents