Retained earnings:40)A)Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception. B)Represents the amount shareholders are guaranteed to receive upon company liquidation. C)Are never adjusted for anything other than net income or dividends. D)Can only be appropriated by setting aside a cash fund. E)Represent an amount of cash available to pay shareholders.

Which of these is an example of innovation?

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?

According to which act will be the person punished