Question : 71. Retained earnings A. a source of financing for assetsB. cashC. other non-cash assetsD. the : 1230537
71. Retained earnings are A. a source of financing for assets B. cash C. other non-cash assets D. the sum of a firm’s dividend declarations E. the source of net assets generated by the earnings process 72. Retained earnings represent the source of net assets generated by the earnings process that exceed the firm’s dividend declarations. Common practice refers to the process of curtailing dividends to accumulate assets, […]