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Hello, I have to record retained earnings in the journal but the only available terms are: Dividends declared-common, dividends payable, dividends receivable, dividends shares, preferred
Hello,
I have to record retained earnings in the journal but the only available terms are:
Dividends declared-common, dividends payable, dividends receivable, dividends shares, preferred shares, common shares and cash.
Which one if any would best describe retained earnings and why?
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