Why do we add share capital reserves and surplus long term borrowings to get total asset?
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Here's the answer ⤵
Capital Reserves, which usually arise as a result of issuing stock in excess of par value. Retained earnings, which arise as a result of past profitable operations.
In simplified terms, retained earnings are net profits that have not been distributed to shareholders as dividends.
Hope it helps ✌
Here's the answer ⤵
Capital Reserves, which usually arise as a result of issuing stock in excess of par value. Retained earnings, which arise as a result of past profitable operations.
In simplified terms, retained earnings are net profits that have not been distributed to shareholders as dividends.
Hope it helps ✌
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