BUSINESS BMAL 590 ALC5 Finance
A company’s balance sheet shows the value of assets, liabilities, and stockholders’ equity atthe end of the fiscal year. for any given period of time at a specific point in time. over an annual period. -On a balance sheet, retained earnings are not “unspent cash” because theyhave been paid out to common stockholders. they have an arbitrarily assigned value. they are always changing. they […]