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Item 6 Retained earnings: Multiple Choice Is the cumulative net income (and loss) not distributed as dividends to its stockholders. Can only be appropriated by
Item 6
Retained earnings:
Multiple Choice
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Is the cumulative net income (and loss) not distributed as dividends to its stockholders.
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Can only be appropriated by setting aside a cash fund.
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Represent an amount of cash available to pay shareholders.
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Are never adjusted for anything other than net income or dividends.
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Represents the amount shareholders are guaranteed to receive upon company liquidation.
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