Classify each of these items as :
-Retained earnings
A) Asset (A)
B) Liability (L)
C) Equity (E).

Name: Classify each of these items as : -Retained earnings A) Asset (A) B) Liability (L) C) Equity (E).
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Question

Quizplus · Accepted Answer

Retained earnings represent the portion of net income that a company retains rather than distributing it to shareholders as dividends. This is classified as part of shareholders' equity on the balance sheet, not as an asset or liability.

Classify Each of These Items as