Consider the following statement: Retained earnings on the balance sheet are not monies available to finance strategy

Question:

Consider the following statement: “Retained earnings on the are not monies available to finance strategy implementation.” Is it true or false? Explain.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...