Explain why you agree or disagree with the following statement: Retained earnings are like money in the

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Explain why you agree or disagree with the following statement: "Retained earnings are like money in the bank. If you are running out of cash, you can always use some of your retained earnings to pay your bills."

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Financial Accounting A User Perspective

ISBN: 978-0470676608

6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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Question Posted: Dec 23, 2015 08:06 AM

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Explain why you agree or disagree with the following statement: Retained earnings are like money in the

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A balance in retained earnings means that the business has been profitable ...View the full answer

Financial Accounting A User Perspective

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