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On the balance sheet, retained earnings represents a. net profits for the current year b. net profits for the current year minus preferred stock dividends
On the balance sheet, retained earnings represents a. net profits for the current year b. net profits for the current year minus preferred stock dividends c. cash reinvested in fixed assets to support growth d. the cumulative total of earnings reinvested in the firm
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Elements Of Structured Finance
Authors: Ann Rutledge, Sylvain Raynes
1st Edition
0195179986, 978-0195179989
