Retained earnings: Select one: a. none of the choices b. are the difference between total liabilities and owners' equity c. represent the amount of profits that the business has distributed to owners d. represent the amount of equity that the business has retained (not distributed to stockholders) What is free cash flow? Select one: a. The amount of cash used for capital expenditures. O b. The amount of cash used for operating activities. c. The amount of cash remaining after covering operating activities and capital expenditures. d. The amount of cash remaining after covering operating activities and financing activities