Retained earnings are
A) an owner's equity account that reflects all the net income (or net loss) earned by the company in the past that the company has kept
B) a long-term debt account that reflects all the net income (or net loss) earned by the company in the past that the company has kept
C) an owner's equity account that reflects all the net revenue earned by the company in the past that the company has kept
D) an owner's equity account that reflects all the net income (or net loss) earned by the company in the past that the company has reinvested
Correct Answer:
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