What is the relationship between the retained earnings account (net assets without donor restrictions) on the balance

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What is the relationship between the retained earnings account

(net assets without donor restrictions) on the balance sheet and earnings (net income or excess of revenues over expenses) reported on the income statement?

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Related Book For answer-question

Gapenski's Healthcare Finance An Introduction To Accounting And Financial Management

ISBN: 9781640551862

7th Edition

Authors: Kristin L. Reiter, Paula H. Song

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Question Posted: Mar 09, 2024 11:01 AM

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What is the relationship between the retained earnings account (net assets without donor restrictions) on the balance

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Gapenski's Healthcare Finance An Introduction To Accounting And Financial Management

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