Christine Agazzi says, Retained earnings should be reported as an asset, since it is earnings which are

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Christine Agazzi says, “Retained earnings should be reported as an asset, since it is earnings which are reinvested in the business.” How would you respond to Agazzi?

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Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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Question Posted: May 10, 2012 12:58 AM

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Christine Agazzi says, Retained earnings should be reported as an asset, since it is earnings which are

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Agazzi is incorrect Retained earnings is a source of assets but ...View the full answer

Intermediate Accounting principles and analysis

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