they did not belive it was divinely inspired
Retained, withheld, dismissed, rejected, disunited...
They actually retained reincarnation and rejected the caste system.
Retained
Yes
retained earnings an asset?
If you mean you want to prevent the card being used by someone else - simply report the loss to the card company ! They will block the card - meaning if someone presents it for payment, it will be rejected (and retained by the store).
Yes, since this account (Retained Earnings) is a credit account and an uppropriate retained earnings account is simply a non-restricted account which is Retained Earnings !!! Even the restricted/ appropriate retained earnings are credited.
Retained profits are profits of that particular financial year (After taken into account of dividends payouts, transfer to reserves and etc) without adding profits from the previous year. When Retained profit of the current year is transferred to the balance sheet after adding previous year profits, it is called retained earnings.(Retained profit + Retained earnings b/d = Retained earnings c/d).
none
Stetement of retained earnings summarizes the changes occured in retained earnings from opening balance to closing balance.
No, dividends cannot be paid out of a retained loss. In order to pay out your retained losses, you will need to get a shareholder loan.
In accounting, retained earnings refers to the portion of net income which is retained by the corporation rather than distributed to its owners as dividends. Similarly, if the corporation takes a loss, then that loss is retained and called variously retained losses, accumulated losses or accumulated deficit. Retained earnings and losses are cumulative from year to year with losses offsetting earnings.