Multiple Choice
Which of the following statements about Retained Earnings is correct?
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 the common stock that is issued.
Correct Answer:
Verified
Correct Answer:
Verified
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