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Unit 2 Discussion
Anne Marie, the owner of Anne’s Beauty Salon continues to ask you questions about her financial statements.
What is accounts receivable?
Is it something good?
I see these things called current assets and current liabilities.
What are they?
Why show them?
I still don’t understand what the
Statement of Retained Earnings is all about and why do I need it.
What has retained earnings?
What is that thing called a
Is it an expense?
How would you respond to each of these questions?
Use file attach