Kathleen Battle says, Retained earnings should be reported as an asset, since it is earnings which are

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Kathleen Battle says, “Retained earnings should be reported as an asset, since it is earnings which are reinvested in the business.” How would you respond to Battle?

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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Question Posted: Dec 11, 2010 02:14 AM

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Kathleen Battle says, Retained earnings should be reported as an asset, since it is earnings which are

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Agazzi is incorrect Retained earnings is a source of assets but ...View the full answer

Intermediate Accounting

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