Financial Accounting

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Anne Marie, the owner of Anne's Beauty Salon continues to ask you questions about her financial statements. 

1. What is accounts receivable?  Is it good?

2. I see these things called current assets and current liabilities. What are they ? Why show them?

3. I still don't understand what the statement of retained Earnings is all about and why do I need it? What is retained earnings? What is that thing called a dividend? Is it an expense?

  • 6 years ago
  • 6
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