Retained earnings are:
a. An indication of a company's liquidity.
b The same as cash in the bank.
c. Not important when determining dividends.
d. The cumulative earnings of the company after dividends.
Answer: D
Retained earnings are:
a. An indication of a company's liquidity.
b The same as cash in the bank.
c. Not important when determining dividends.
d. The cumulative earnings of the company after dividends.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.