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  3. retained earnings: a. cannot have a debit balance.

Retained earnings: a. cannot have a debit balance. b. over time will have a direct...

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Accounting

Retained earnings:

a. cannot have a debit balance.

b. over time will have a direct relationship with the amount of cash on hand if the corporation is profitable.

c. is the cumulative total of net income plus dividends.

d. is the cumulative total of net incomes, minus net losses, and minus dividends.

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