Basic Financial Accounting Short Questions: What is "Retained earnings"?
Select one alternative:
A Profit that is made and kept for future use in the business
B Profit that is made and shared with shareholders
C A type of liability
D An account found in the Income statement

Question

What is "Retained earnings"? 
Select one alternative:
A Profit that is made and kept for future use in the business
B Profit that is made and shared with shareholders
C A type of liability
D An account found in the Income statement

Gonza R · Accepted Answer

A Profit that is made and kept for future use in the business

Basic Financial Accounting Short Questions

What is "Retained earnings"? Select one alternative: A Profit that is made and kept for future use in the business B Profit that is made and shared with shareholders C A type of liability D An account found in the Income statement

A Profit that is made and kept for future use in the business

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