Beginning-of-year balance for Retained Earnings amounts are shown on the adjusted trial balance and on the statement of retained earnings.
Retained earnings are the portion of a company's profit that is not distributed to shareholders as dividends. This profit is instead reinvested back into the company to help finance its growth.
Retained earnings can be used to finance new projects or acquisitions, or to simply improve the company's cash flow. While retained earnings are a key part of a company's long-term growth strategy, they can also be a source of short-term liquidity if the company needs to access them.
To know more about earnings, click here.
https://brainly.com/question/28045589
#SPJ4
