If a firm has retained earnings, it has an equal amount of cash.
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Q14: Retained earnings represents the earnings accumulated by
Q15: An increase in accounts payable is a
Q16: If liabilities are decreased or assets increased,
Q17: If a firm uses accelerated depreciation, its
Q18: If a firm's current assets and current
Q20: The sum of a firm's liabilities and
Q21: Liabilities equal
A) assets
B) equity
C) equity minus assets
D)
Q22: The return on equity represents what the
Q23: Current liabilities include
A) stock
B) bonds
C) accounts receivable
D)
Q24: The higher the ratio of debt to
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