Question: 1 Retained earnings: Multiple Choice 0 0 : 2 9 : 4 7 Represent an amount of cash available to pay shareholders. Can only be

1
Retained earnings:
Multiple Choice
00:29:47
Represent an amount of cash available to pay shareholders.
Can only be appropriated by setting aside a cash fund.
Are never adjusted for anything other than net income or dividends.
Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.
Represents the amount shareholders are guaranteed to receive upon company liquidation.
1 Retained earnings: Multiple Choice 0 0 : 2 9 :

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