The statement of retained earnings informs users about how much of the earnings were kept and reinvested in the company
Indicate whether the statement is true or false
TRUE
Business
You might also like to view...
Coleman, Inc. provides the following data from its income statement for 2017
Net Sales $500,000 Cost of Goods Sold (200,000 ) Gross Profit $300,000 Calculate the gross profit percentage. (Round your answer to two decimal places.) A) 150.00% B) 60.00% C) 100.00% D) 40.00%
Business
A(n) ________ maintains a clear sense of purpose and a firm idea of what is involved in creating the project
A) politician B) ambassador C) cheerleader D) visionary
Business