 | Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception. |
| Can only be appropriated by setting aside a cash fund. | |
| Represent an amount of cash available to pay shareholders. | |
| Are never adjusted for anything other than net income or dividends. | |
| All of these. |
Wednesday, March 13, 2013
Accounting Midterm Exam ACG-2011: Question 55
Retained earnings:
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