Are notes payable found on statement of earnings

Wheelz90 Posts: 1, Reputation: 1

New Member

Oct 18, 2009, 05:52 PM

Are notes payable found on statement of earnings

Hey I'm just wondering if notes payable are on a statement of earnings or statement of retained earnings?

morgaine300 Posts: 6,561, Reputation: 276

Uber Member

Oct 18, 2009, 09:58 PM

No. All payables are liabilities.

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