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The retained earnings balance __________. a. is beneficially owned by the shareholders b. is represented by cash in a secure, interest-bearing bank account c. can

The retained earnings balance __________.

a.

is beneficially owned by the shareholders

b.

is represented by cash in a secure, interest-bearing bank account

c.

can be spent to acquire new long-term assets

d.

(a) & (b), but not (c)

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