Why do I have a negative number on the Retained Earnings account on my cash basis Balance Sheet?
Why do I have a negative number on the Retained Earnings account on my cash basis Balance Sheet?
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10/15/09 10:10am PDT
Viewed by asker 12/02/09 12:55pm PST
Viewed by asker 12/02/09 12:55pm PST
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Michelle Long CPA
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If you had net losses in prior years, that would create a negative balance in retained earnings.
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