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All of the following are true of retained earnings except: Multiple Choice They are the difference between paid-in capital and the total dividends paid. They

All of the following are true of retained earnings except:

Multiple Choice

They are the difference between paid-in capital and the total dividends paid.

They represent the amount of new capital shareholders have indirectly contributed.

They are equal to the cumulative earnings less dividends.

They are the amount of earnings plowed back into the firm.

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