Retained earnings is the ________
A) past profits and dividends maintained in treasury
B) beginning retained earnings plus net income minus dividends
C) past distributed profits
D) minimum legal capital that must be retained by the company
B
Business
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All of the following are elements of an insurable risk EXCEPT
A) the loss must be catastrophic B) the loss must be the result of chance C) the loss must have a determinable value D) the loss must be predictable"
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Trigger terms that activate disclosure requirements under the truth in Lending Act include:
A. Down payment amount B. Apr C. Brokerage commission rate D. None of the above
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