Question
Why is it so important that companies avoid putting excessive detail in the retained earnings account? Why create another account just to track this detail?
Why is it so important that companies avoid putting excessive detail in the retained earnings account? Why create another account just to track this detail? What are the advantages and disadvantages of doing this?
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Managerial Accounting
Authors: Ray Garrison, Theresa Libby, Alan Webb
10th Canadian edition
978-1259024900
