Kathleen Battle says, Retained earnings should be reported as an asset, since it is earnings which are
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Kathleen Battle says, “Retained earnings should be reported as an asset, since it is earnings which are reinvested in the business.” How would you respond to Battle?
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Agazzi is incorrect Retained earnings is a source of assets but ...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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