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Which of the following best describes retained earnings? Multiple Choice Retained earnings represents a company's liability to its shareholders. Retained earnings represents undistributed profits. Retained

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Which of the following best describes retained earnings? Multiple Choice Retained earnings represents a company's liability to its shareholders. Retained earnings represents undistributed profits. Retained earnings represents all cash that has been kept in the business since its inception. Retained earnings can be used to pay down debt if the balance of cash is low

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