Discussion Post
Anne Marie, the owner of Anne's Beauty Salon continues to ask you questions about her financial statements.
• What is accounts receivable? Is it something good?
• I see these things called current assets and current liabilities. What are they? Why show them?
• I still don't understand what the Statement of Retained Earnings is all about and why do I need it. What has retained earnings? What is that thing called a dividend? Is it an expense?
How would you respond to each of these questions?
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.