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owners equity
What else can I help you with?
Is unappropriated retained earnings credit?
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.
Which account below is not a subdivision of retained earnings?
There are no accounts listed. Therefore, it is hard to determine which account is not a subdivision of retained earnings. Expenses are not a subdivision of retained earnings.
What are Tom Brady's earnnings?
Ten million dollars until 2011
Is retained earnings temporary account or permanent account?
Permanant
What is a closed revenue and expense account to retained earnings called?
When you close the accounts, it totals into retained earnings, so in turn, it is essentially retained earnings.
Are negative retained earnings included in balance sheet?
Retained earnings can become negative, creating a deficit. The retained earnings general ledger account is adjusted every time a journal entry is made to an expense or income account.
Is retained earnings a normal debit or credit balance?
The retained earnings account usually carries a credit balance.
Does retained earning always have a positive account?
No. A company with cumulative losses will have negative retained earnings, or a cumulative loss.
Prior period adjustments are reported as an adjustment to which account?
Prior period adjustments are reported as an adjustment to the retained earnings account in the statement of retained earnings. This is done to correct errors in the financial statements that occurred in previous periods.
Can you debit account payable and credit retained earnings?
yes
Is sales an asset account?
Sales is generally considered "Revenue" or "Income" and therefore are an Owners Equity Account. Sales affect Retained Earnings and Retained Earnings affects Owners Equity.
Is dividends declared account permanent or temporary account?
Dividend is a temporary account at it is closed the retained earnings account at the end of fiscal year.
