Explain why the following statement is true: Retained earnings as reported on the balance sheet do not

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Explain why the following statement is true: "Retained earnings as reported on the balance sheet do not represent cash and are not 'available' for the payment of dividends or anything else."

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Fundamentals Of Financial Management Concise

ISBN: 9780324258721

4th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Jul 15, 2024 01:03 AM

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Explain why the following statement is true: Retained earnings as reported on the balance sheet do not

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Fundamentals Of Financial Management Concise

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