Retained earnings: Is the cumulative net income (and loss) not distributed as dividends to...

90.2K

Verified Solution

Question

Accounting

Retained earnings:
Is the cumulative net income (and loss) not distributed as dividends to its stockholders.
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.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students