Retained earnings is the total amount of:
A. income that is distributed as dividends to the shareholders.
B. debt not repaid in the current year.
C. accumulated depreciation charged on the firm's assets.
D. income that has been saved and reinvested in assets since the firm started business.
E. profit retained by a firm to pay taxes.
Answer: D
You might also like to view...
The haploid (n) number of chromosomes for a human being is
A. 44. B. 24. C. 23. D. 48. E. 46.
A high degree of overlap among job ranges makes it more difficult to move employees from one range to another.
Answer the following statement true (T) or false (F)
A promissory note is the document signed when a bank loan is executed, and it specifies financial aspects of the loan.
Answer the following statement true (T) or false (F)
Which of the following represents the way an individual actually perceives himself or herself?
A. personal image B. idea self-image C. real self-image D. lifestyle image E. defined self-image