Retained earnings is the total amount of a income that is distributed as

Question

Retained earnings is the total amount of:

a. income that is distributed as dividends to the shareholders.

b. debt not repaid in the current year.

c. accumulated depreciation charged on the firm's assets.

d. income that has been saved and reinvested in assets since the firm started business.

e. profit retained by a firm to pay taxes.

Answer

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