true or false

issued shares that are still in circulation. d. shares of stock owned by unknown individuals. 21. The balance of the Retained Earnings account represents a. profits of a company since the date of its beginning less any losses, and dividends to stockholders. b. an e xcess of revenues over expenses for the most current operating period. c. cash set aside for specific future uses. d. cash available for daily operations 22. Which of the following costs would not be included in the cost of inventory? a. Sales tax b. Freight in c. Invoice price d. Cost of goods held on consignment 23. Which of the following would not be considered cash? a. Money orders from customers b. Postage stamps c. Bank deposits d. Checks from customers