Asked by
Russel Mar Balderas Dacumos
on Oct 15, 2024
Verified
The payment of cash dividends never changes the balance of retained earnings.
Retained Earnings
The portion of a company's net income that is not distributed to shareholders as dividends but is retained by the company to reinvest in its core business or to pay debt.
- Interpret the impact of transactions on cash flows and the financial position of a company.
Verified Answer
CC
Learning Objectives
- Interpret the impact of transactions on cash flows and the financial position of a company.
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