The retained earnings account is a link between the income statement and the balance sheet. Explain what

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The retained earnings account is a link between the income statement and the balance sheet. Explain what this means.

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Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Question Posted: Jul 13, 2016 03:41 AM

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The retained earnings account is a link between the income statement and the balance sheet. Explain what

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Retained earnings represent the cumulative amount of net income earned over the life ...View the full answer

Financial Accounting

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