Question

A company use some of its stockholders equity to pay its bills for a time. (Points : 3.5) O True ○ False
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Answer #1

Sone of Net Income of company is retained by company which is part of shareholder equity. This retained earning is use for pay its bills for a time. So, a company can use shareholder equity (retained earnings) to pay its bill on time.

Statement is true.

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