Which of the following best defines retained earnings? a. They are interest paid to creditors. b. They are profits not paid out to shareholders. c. They are the amount of revenues a corporation receives for the sale of its products, minus its costs of production, as measured by its accountants. d. They are the amounts paid out as dividends.
Which of the following best defines retained earnings? a. They are interest paid to creditors. b. They are profits not paid out to shareholders. c. They are the amount of revenues a corporation receives for the sale of its products, minus its costs of production, as measured by its accountants. d. They are the amounts paid out as dividends.
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter10: Price-searcher Markets With Low Entry Barriers
Section: Chapter Questions
Problem 10CQ
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Question
Which of the following best defines
a. |
They are interest paid to creditors. |
|
b. |
They are profits not paid out to shareholders. |
|
c. |
They are the amount of revenues a corporation receives for the sale of its products, minus its costs of production, as measured by its accountants. |
|
d. |
They are the amounts paid out as dividends. |
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