jasminealvarez31 jasminealvarez31
  • 04-11-2020
  • Business
contestada

The accumulated net income of a corporation is called its

Respuesta :

katealvarez7
katealvarez7 katealvarez7
  • 04-11-2020

Answer:

retained earnings

Explanation:

Accumulated income, also known as retained earnings, includes the portion of net income that is retained by a corporation over time, rather than being distributed as dividends. Any accumulated income is typically used by the corporation to reinvest in its principal business or to pay down its debt.

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