Why does a company's profit appear as a credit on its balance sheet?

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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective

ISBN: 1088

8th Edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Question Posted: Nov 30, 2017 10:03 AM

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Why does a company's profit appear as a credit on its balance sheet?

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The companys profit is reported as a credit on its balance sheet under heading equi...View the full answer

Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective

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