The Retained Earnings account is comprised of A. cash retained in the business. B. cash reinvested in the business by shareholders. C. the cumulative earnings less dividends since the inception of the corporation. D. the earnings of the corporation for the current year.

711 views
0

The Retained Earnings account is comprised of
A. cash retained in the business.
B. cash reinvested in the business by shareholders.
C. the cumulative earnings less dividends since the inception of the corporation.
D. the earnings of the corporation for the current year.

0

Answer:

C. the cumulative earnings less dividends since the inception of the corporation.

Contact us today

Ask for our academic services

Copyright SmartStudyHelp 2016. All Rights Reserved