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The retained earnings account represents A. the undistributed profit of a business held as cash. B. an indicator of how much cash an organization has
The retained earnings account represents
A. the undistributed profit of a business held as cash.
B. an indicator of how much cash an organization has accumulated to pay out to owners.
C. profit earned in the current financial year.
D. the accumulated profit of a business since it began operations minus dividends or drawings paid out to shareholders/owners.
E. None of the above
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