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LO 2.3 Prepare an Statement, Statement of Retained Earnings, and
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Web Retained Earnings Are The Cumulative Net Earnings (Profit) Of A Company After Paying Dividends;
Net income from the bottom of the income statement links to the balance sheet and cash flow statement. Although retained earnings are not themselves an asset, they can. Web retained earnings represent a useful link between the income statement and the balance sheet, as they are recorded under shareholders’ equity, which connects the two statements. The statement is a financial document that.
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