How to Use the Retained Earnings Formula

When people hear the term earnings, they usually think of the money earned by an individual or company. For example, an employee earns money by selling products, providing services, etc. However, the retained earnings formula will calculate something else entirely....

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How far back can the IRS audit?

Only a few other phrases in the English language can send a shiver of fear down one’s spine. One such phrase is “IRS audit.” The Internal Revenue Service (IRS) is a powerful branch of the government and enforces tax laws enacted by congress. They...

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