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    Introduction to Management Accounting Study Set 2
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    Exam 15: Basic Accounting: Concepts, Techniques, and Conventions
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    The Ownership Claim Arising from Reinvestment of Previous Profits Is
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The Ownership Claim Arising from Reinvestment of Previous Profits Is

Question 86

Question 86

Multiple Choice

The ownership claim arising from reinvestment of previous profits is called _____.


A) retained earnings
B) net assets
C) stockholders' equity
D) reinvestment income

Correct Answer:

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