Explain why the following statement is true: The retained earnings account reported on the balance sheet does
Question:
Explain why the following statement is true: The retained earnings account reported on the balance sheet does not represent cash and is not “available”
for dividend payments or anything else.
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Related Book For 
Fundamentals Of Financial Management Concise Edition
ISBN: 9781285065137
8th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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