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Retained earnings is accurately described by all except which of the following statements? A . Retained earnings is the primary component of a company s

Retained earnings is accurately described by all except which of the following statements?

A $.$ Retained earnings is the primary component of a companys earned capital.

B $.$ Net income is added to retained earnings.

C $.$ Net losses are accumulated in the retained earnings account.

D $.$ Dividends declared are added to retained earnings.

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