Solution: Retained earnings refers to: A) the amount reported as "the bottom line" on the income statement B) the accumulated amount of past earnings that have not been distributed to stockholders as dividend

Problem

Retained earnings refers to:

A) the amount reported as "the bottom line" on the income statement

B) the accumulated amount of past earnings that have not been distributed to stockholders as dividends

C) the total amount of stockholders' equity for a corporation

D) the amount that stockholders have invested by purchasing a corporation's stock

E) the amount that stockholders have invested by purchasing a corporation's stock, less the amount of dividends they have received.