PLS HELP ASAP

Owners equity includes (______), which is the amount of profits that your business has been able to save over the past few years.

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evietyler evietyler

12-11-2020
Business

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PLS HELP ASAP

Owners equity includes (______), which is the amount of profits that your business has been able to save over the past few years.

Respuesta :

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helpmeoutplease71 helpmeoutplease71 · Answer 1 · 2020-11-12T23:08:01+01:00

Retained earning
Explanation:
A company's profits are distributed to shareholders as dividends, retained in the business for reinvestment, or both. Therefore, retained earning are profits that were not distributed to shareholders. They are funds that belong to owners but withheld for use in the business.
Retained earnings form part of a company's capital. It is money that shareholders have contributed to the business by not sharing in profits.

PLS HELP ASAP Owners equity includes (______), which is the amount of profits that your business has been able to save over the past few years.

Respuesta :

Otras preguntas

PLS HELP ASAP

Owners equity includes (______), which is the amount of profits that your business has been able to save over the past few years.