It refers to the amount of accumulated profits and gains realized out of the normal and continuous operations of the corporation after deducting therefrom distributions to stockholders and transfers to capital stock or other accounts, and which is not appropriated for definite corporate expansion projects or programs, not covered by a restriction for dividend declaration under a loan agreement, and not required to be retained under special circumstances obtaining in the corporation, such as when there is a need for a special reserve for probable contingencies.Group of answer choicesStock dividendsBonded indebtednessCash dividendsUnrestricted retained earnings

The board of directors of a stock corporation may declare dividends out of the unrestricted retained earnings which shall be payable in cash, property, or in stock to all stockholders on the basis of outstanding stock held by them.Group of answer choicesTrueFalse

_____ is the amount of money remaining from a firm's sales revenue after it deducts production costs, interest costs, and taxes.Group of answer choicesProfitA dividendWorking capitalNet salesRetained earnings

Retained earnings represent: Group of answer choices the shareholders’ claim on total assets. the amount of cash held by the business. the total of revenue for the period. the amount of profit held in the company for future use.

"accumulated profits" in relation to 1 [distribution or payment of] a dividend, 2[include] —(a) any reserve made up wholly or partly of any allowance, deduction, or exemption admissible under this Ordinance;- .9230(b) for the purposes of 1 [sub-clauses (a), (b) and (e) of clause (19)”] all profits of the company including income and gains of a trust up to the date of such distribution or such payment, as the case may be; and(c) for the purposes of 2 [sub-clause (c) of clause (19)], includes all profits of the company including income and gains of a trust up to the date of its liquidation;Explain this and also give example

Appropriated retained earnings are generally available for dividends distributionGroup of answer choicesTrueFalse