Asked by Emilija Dancetovic on Jun 05, 2024
Verified
Corporations sometimes segregate retained earnings into two categories: (1)________________ retained earnings and (2)________________ retained earnings.
Retained Earnings
The portion of a company's profit that is held back and not distributed to shareholders as dividends.
- Understand the concept of restricted retained earnings and prepare stockholders' equity section.
Verified Answer
JB
Learning Objectives
- Understand the concept of restricted retained earnings and prepare stockholders' equity section.