Retained earnings, as a form of equityfinancing, area. gross earnings.b. profits before taxes.c. profits after taxes.d. undistributed profits.e. total owners’ equity
Retained earnings, as a form of equityfinancing, area. gross earnings.b. profits before taxes.c. profits after taxes.d. undistributed profits.e. total owners’ equity
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings
Section: Chapter Questions
Problem 5MC
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financing, are
a. gross earnings.
b. profits before taxes.
c. profits after taxes.
d. undistributed profits.
e. total owners’ equity
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