Question
Asked Nov 24, 2019
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Define the following.

a. Retained earnings?

b. Goodwill?

c. Investing activities?

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Expert Answer

Step 1

a. Retained earnings: The amount of earnings undistributed as dividends to the stockholders is termed as retained earnings.

Step 2

b. Goodwill: Goodwill is the value of reputation of the company through its operations. It is the asset of the company. Whe...

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Accounting

Financial Accounting

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