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What Is Retained Earnings Account? |
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Answer» RETAINED EARNINGS refer to the percentage of net earnings not paid out as dividends, but retained by the COMPANY to be reinvested in its CORE business, or to pay debt. It is recorded under shareholders' equity on the balance sheet. Retained earnings refer to the percentage of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business, or to pay debt. It is recorded under shareholders' equity on the balance sheet. |
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