Which of the following best describes retained earnings? Select one: Shows in and out flows of cash from the company during a pe

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Which of the following best describes retained earnings? Select one: Shows in and out flows of cash from the company during a pe

riod Provides a description of sources of funding and uses of funding, at a point in time Records level of reinvested profits Total assets less net liabilities equals equity

Business

1 answer:

jarptica [38.1K] · Answer 1 · 2023-06-09T19:56:21+03:00

The option that best describes retained earnings is records level of reinvested profits.

<h3>What is retained earnings?</h3>

Retained earnings is the amount of a company's earnings that is not paid out to shareholders as dividends or used to pay debtors. It is the amount of money that can be reinvested into the business.

To learn more about retained earnings, please check: brainly.com/question/14529006

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