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Which of the following statements about retained earnings is true? It is the amount of creditors claims on assets. It is increased when treasury stock
Which of the following statements about retained earnings is true?
It is the amount of creditors claims on assets.
It is increased when treasury stock is bought.
It is the amount of cash that has been retained from a companys earnings.
It is the amount of corporate earnings that have been reinvested in the business.
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