Is it possible for a firm to have a large Retained Earnings balance and no cash? Explain.

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 27, 2011 09:53 AM

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Is it possible for a firm to have a large Retained Earnings balance and no cash? Explain.

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