2 ms·
The money doesn't have to be used. Many non-profits have very large balance sheets of cash and cash equivalent assets. The money just won't be paid out as divid
by matwood 2y ago
The money doesn't have to be used. Many non-profits have very large balance sheets of cash and cash equivalent assets. The money just won't be paid out as dividends to shareholders.
- sotix 2y agoCorrect. They carry a net assets balance at the end of the period. But they do not retain earnings because there are no shareholders to pay out.