Match the term with its definition.
-Cumulative net profits retained in a company over the life of the business
A)balance sheet
B)debt
C)debt ratio
D)dividends
E)income statement (profit and loss statement)
F)interest expense
G)mortgage
H)operating expenses
I)owners' equity
J)retained earnings
K)total asset turnover

Question

Quizplus · Accepted Answer

Retained earnings are the cumulative net profits that a company has kept over its lifetime.

Match the Term with Its Definition