Answered: Explain why the following statement is…

Explain why the following statement is true: The retained earnings account reportedon the balance sheet does not represent cash and is not “available” for dividend paymentsor anything else.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 28MC: What is the impact on the accounting equation when stock is issued, in exchange for assets? A. both...

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Explain why the following statement is true: The retained earnings account reported
on the balance sheet does not represent cash and is not “available” for dividend payments
or anything else.

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