1. Retained earnings represent (a) Cash available for future investments (b) Dividends distributed to shareholders (c) Earnings not distributed (d) None of these 2. Advance cash payments received from...

1. Retained earnings represent (a) Cash available for future investments (b) Dividends distributed to shareholders (c) Earnings not distributed (d) None of these

2. Advance cash payments received from customers are included in (a) Revenues (b) Assets (c) Liabilities (d) Shareholders’ equity (e) Expenses (f) None of these

May 26, 2022

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1. Retained earnings represent (a) Cash available for future investments (b) Dividends distributed to shareholders (c) Earnings not distributed (d) None of these 2. Advance cash payments received from...

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