Retained Earnings: Calculation, Formula & Examples Bench Accounting
No, retained earnings are not a current asset for accounting purposes. A current asset is any asset that will provide an economic benefit for or within one year. QB makes that entry automatically as of the first day of your next fiscal year. For example, if your fiscal year-end is Dec. 31 and you run … Continue reading Retained Earnings: Calculation, Formula & Examples Bench Accounting