Multiple Choice
Which of the following statements is true about retained earnings?
A) Retained earnings represents cash available to pay dividends to stockholders.
B) Retained earnings cannot be restricted by loan covenants.
C) Retained earnings generally consists of cumulative net income less any net losses and dividends since inception.
D) Retained earnings is reduced by the par value of stock splits.
Correct Answer:
Verified
Correct Answer:
Verified
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