Quiz – T/F: Retained earnings account on the balance sheet does not represent cash
Fundamentals of Financial Management, Concise
Brigham and Houston
09th Edition and 10th Edition
Determine if the following is true or false: Retained earnings as shown on the balance sheet don’t represent cash. Instead, it represents part of the stockholders’ claim against the firm’s existing assets. Retained earnings are essentially stockholders’ reinvested earnings. Experts Have Solved This Problem Please login or register to access this content.