Multiple Choice
Which of the following statements is true?
A) The par value of shares is the current market price of the common stock shares issued by the FI times the number of shares outstanding.
B) Retained earnings is the accumulated value of past profits not yet paid out in dividends to shareholders.
C) Loan loss reserve is a special reserve set aside out of retained earnings to meet unexpected losses on the portfolio.
D) All of the listed options are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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