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.

Retained earnings refers to profit left with the company after paying share of shareholders.

Answered: Which of the following best defines…

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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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.

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