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Why are retained earnings considered equity? 4 points Because they are effectively additional investment in the company by existing owners Because they are effectively an
Why are retained earnings considered equity? 4 points
Because they are effectively additional investment in the company by existing owners | ||
Because they are effectively an investment in the company by new owners | ||
Because they come about when a bank agrees to exchange its loan for equity in the firm | ||
Because they come about when new owners buy ownership stakes from existing owners |
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