Which of the Following Statements Is Most Correct

Multiple Choice

Which of the following statements is most correct?

A) Retained earnings, as reported on the balance sheet, represents the amount of cash a company has available to pay out as dividends to shareholders.
B) 70 percent of the interest received by corporations is excluded from taxable income.
C) 70 percent of the dividends received by corporations is excluded from taxable income.
D) None of the answers above is correct.
E) Answers a and c are correct.