Retained earnings: A Component of Contributed Capital
The statement of retained earnings is a financial statement, which outlines the changes in retained earnings for a specified period. Businesses planning to expand in the near future will often reinvest retained earnings, whereas mature companies regularly prioritise paying dividends to their https://online-forex-brokers.com/chart-of-accounts-for-small-business-template-2/ shareholders. This $80,000 is carried forward to the retained earnings account on […]