Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 31 - No. 14)
What is the definition of 'retained earnings'?
The amount of cash a company has on hand.
The total amount of owner's investments in the company.
The accumulated profits of a company that have not been distributed to owners.
The total value of a company's assets minus its liabilities.
Explanation
Retained earnings represent a company's accumulated profits over time.
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