Retained earnings: Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception. All of the choices are correct. Are never adjusted for anything other than net income or dividends. Represent an amount of cash available to pay shareholders. Can only be appropriated by setting aside a cash fund.

Retained earnings:

Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.

All of the choices are correct.

Are never adjusted for anything other than net income or dividends.

Represent an amount of cash available to pay shareholders.

Can only be appropriated by setting aside a cash fund.

Answer

Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.