That is, the total amount of profit paid out to the owners is recorded as a decrease in the retained earnings account. ... retained earnings would have increased $10, 000 during the period (see the increase in this ownersa#39; equity account Figure anbsp;...
|Title||:||Accounting For Dummies|
|Author||:||John A. Tracy|
|Publisher||:||John Wiley & Sons - 2013-03-01|