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WGU CZC1 Accounting II Testbank | 400 Questions with 100% Correct Answers | Verified | Latest Update | 78 Pages
- Exam (elaborations) • 78 pages • 2023
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Which of the following statements is not correct A) retained earnings represents a cash fund. B) 
a corporation can have a large cash balance but no retained earnings. C) a corporation can have a 
balance in the retained earnings account but no cash. D) retained earnings represent the 
undistributed profits and losses of the corporation. - A 
The record date is the date A) used to determine who will receive the dividend. B) on which the 
board of directors declares the dividend. C) on which the ...