Question
earnings kept in the company and financing provided by the owners 1) owner investments in the company (cash contributed in return for ownership) 2) less:
earnings kept in the company and financing provided by the owners
1) owner investments in the company (cash contributed in return for ownership)
2) less: payments to owners (dividends)
3) plus profits and losses (also called net income)
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
18th edition
1292162406, 978-1292162409
