Does the Retained Earnings account contain cash? Explain your answer.

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Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

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Question Posted: Mar 27, 2015 06:10 AM

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Does the Retained Earnings account contain cash? Explain your answer.

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Retained Earnings does not contain cash This account is a representation of how the equity in a bu...View the full answer

Core Concepts of Accounting

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