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What are retained earnings? Why are they important?
Retained earnings represent the total of all the earnings available to common stockholders of a business during its complete history, less the sum of all the common stock dividends which it has ever paid. Those earnings that weren't paid out were by definition retained.
Retained earnings are vital because they represent amounts reinvested in a company on behalf of the company's owners instead of being paid out in the form of dividends.
In order to provide for R10 million to build a new warehouse in 5 years time, a company plans to make equal payments at the end of each six months into a fund which earns 9% per ye
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International bonds are the bonds issued in a country by a non-domestic entity. In fact, it is a collective term used for Eurobonds, foreign bonds and global bonds.
a) Talk about in brief the various GAAPs that are mandatory to be followed. b) What are the several components of total cost.
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