Ask Question
BusinessBusiness
9 September, 02:59

Retained Earnings represents the firm's cumulative earnings since inception, minus dividends and other adjustments. True False

+4
Answers (1)
  1. 9 September, 03:22
    0
    True

    Explanation:

    Retained earnings refer to profits generated by a business but have not been distributed to the shareholders. Business owners or shareholders are entitled to share in the company's profits. The company directors may decide not to distribute all the earnings to the shareholders.

    Retained earning are recorded independently in the balance sheet as part of the shareholder's equity. The figure in the balance sheet shows the total amount of a company's retained earnings since inception. Retained earnings increase when a company makes profits and decreases when losses are reported. A company may reinvest the retained earnings in the business or use them for other purposes such as debts repayments.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Retained Earnings represents the firm's cumulative earnings since inception, minus dividends and other adjustments. True False ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What effects do you think poverty has on individuals, families, and society?
Answers (1)
The quantity demanded for cars monthly is shown in the table below: Demand for Cars Price (dollars) Quantity of Cars Demanded (thousands of cars) 23,000 600 21,000 620 19,000 640 17,000 660 15,000 680 An increase in income increases the quantity
Answers (1)
Are perfectly competitive markets allocatively allocatively efficient in the long run?
Answers (1)
Game Guys, Inc. needed a special silicon substrate. The company executives knew a new start-up in India, Silicon Sisters, Inc., was the best in the world at efficiently mass-producing the product.
Answers (2)
Total costs for Locke & Company at 120 comma 000 units are $ 329 comma 000 , while total fixed costs are $ 175 comma 000.
Answers (1)
New Questions in Business
Quarrels among business associates have become common. The associates quarrel over what products the firm should sell, division of authority, selection of personnel, whether to bring family members into the business, whether to expand, and who is
Answers (1)
Kroger Supermarkets changes its ads constantly to describe new products it has for sale and different price specials it offers.
Answers (1)
Selected accounts with amounts omitted are as follows: Work in Process Aug. 1 Balance 271,240 Aug. 31 Goods finished 190,490 31 Direct materials X 31 Direct labor 32,700 31 Factory overhead X Factory Overhead Aug. 1 - 31 Costs incurred 112,690 Aug.
Answers (1)
Which of the following is true of customers who are regarded as ""promoters"" based on the net promoter score associated with these customers? A. They spread negative comments about the organization. B. They usually defect at higher rates. C.
Answers (1)
Hewitt and Patel are partners, sharing gains and losses equally. They decide to terminate their partnership. Prior to realization, their capital balances are $36,000 and $24,000, respectively.
Answers (1)
Home » Business » Retained Earnings represents the firm's cumulative earnings since inception, minus dividends and other adjustments. True False
Sign Up Forgot Password?