All of the following statements regarding retained earnings are true exceptA. retained earnings represents a claim on cash. B. a debit balance in Retained Earnings indicates a deficit. C. retained earnings is net income that a company retains in a business. D. some companies may restrict availability of retained earnings for dividends.
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Home » Business » All of the following statements regarding retained earnings are true exceptA. retained earnings represents a claim on cash. B. a debit balance in Retained Earnings indicates a deficit. C.