Question: How does a fast food restaurant do a retained earning tables. What do they use. Like do they do expenses first and what kind of

How does a fast food restaurant do a retained earning tables. What do they use. Like do they do expenses first and what kind of expenses does a fast food place have. Dividend Information Balance Sheet Information Steps 1 2 3 4 5 Year Current Year's Net Income Less Current Year's Dividends Paid New RE Plus Prior Year's RE Current Year's Balance Sheet RE 1/0/1900 $3,289,856 $0 $3,289,856 -$3,036,471 $253,385 1/0/1900 $3,289,856 $0 $3,289,856 $253,385 $3,543,241 1/0/1900 $3,289,856 $0 $3,289,856 $3,543,241 $6,833,097 that is a retained earnings I did.

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Answer 1 Retained Earnings are the portion of a companys profits that are held or retained by the company to be reinvested in the business Fast food restaurants typically use the Retained Earnings sta... View full answer

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