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Which type of account is "Retained Earnings"? a) Asset b) Liability c) Equity d) Expense

Which type of account is "Retained Earnings"? a) Asset b) Liability c) Equity d) Expense

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter1: Accounting And The Financial Statements
Section: Chapter Questions
Problem 13DQ: Define current assets and current liabilities. Why are current assets and current liabilities...
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Which type of account is "Retained Earnings"? a) Asset b) Liability c) Equity d) Expense
Transcribed Image Text:Which type of account is "Retained Earnings"? a) Asset b) Liability c) Equity d) Expense
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