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Question
Company may retain a part of the profits called as ______ and utilize it as capital.
Company may retain a part of the profits called as ______ and utilize it as capital.
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Solution
The correct option is B retained earnings
The retained earnings of a corporation is the accumulated net income of the corporation that is retained by the corporation at a particular point of time, such as at the end of the reporting period. Retained earnings are the profits that a company has earned to date, less any dividends or other distributions paid to investors.
The retained earnings of a corporation is the accumulated net income of the corporation that is retained by the corporation at a particular point of time, such as at the end of the reporting period. Retained earnings are the profits that a company has earned to date, less any dividends or other distributions paid to investors.
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