The amount of retained earnings equals net income minus dividends for the current year.
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Q33: We compute the return on equity ratio
Q34: Small stock dividends are recorded by debiting
Q36: Treasury stock is a contra-equity account since
Q37: The return on equity measures the ability
Q38: Retained earnings represent the earnings retained in
Q39: Dividends are paid on all shares issued
Q40: We record treasury stock at the cost
Q41: Which of the following accounts is not
Q42: Issued stock refers to the number of
Q46: We calculate earnings per share as net
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