The retained earnings of a corporation is ________
A) internally generated equity that is earned by profitable operations that is not distributed to stockholders
B) externally generated equity that is contributed by shareholders
C) externally generated equity that is acquired from banks and other creditors
D) internally generated equity that is received from employee stock purchases
A
Business
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Which of the following accounts has a balance equal to net income immediately before it is closed?
A) Income Summary B) Dividends C) Net Income D) Retained Earnings
Business
Which location type is generally characterized by no competition, good road visibility, and easy parking?
a. isolated store b. business district c. strip d. shopping center
Business