Tax rate (1) These are cumulative retained earnings but textbook simply calls it retained earnings a) The company purchased fixed assets during 2020 b) The company issued common stock during 2020 c) The company did not issue common stock during 2020 d) The company purchased common shares during 2020 e) The change from 2019 to 2020 in Long-term Debt is a source of funds (cashe inflow) Page 6 of 7 Tax rate (1) These are cumulative retained earnings but textbook simply calls it retained earnings a) The company purchased fixed assets during 2020 b) The company issued common stock during 2020 c) The company did not issue common stock during 2020 d) The company purchased common shares during 2020 e) The change from 2019 to 2020 in Long-term Debt is a source of funds (cashe inflow) Page 6 of 7