Finding Retained Earnings

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crofire2

Mar 27, 2007, 02:19 PM

If I have the assets, liabilities and capital stock figures, how can I use these figures to find the retained earning figure?

Smith21000

Mar 28, 2007, 01:22 PM

The following link should help you out

Online Accounting Course | Accounting Equation (http://www.accountingcoach.com/online-accounting-course/14Xpg01.html)

CaptainForest

Mar 28, 2007, 02:50 PM

Assets = Liabilities + Owner’s Equity

Owner’s Equity = Assets – Liabilities

Also, Owner’s Equity = Capital Stock + Retained Earnings

So,
Capital Stock + Retained Earnings = Assets – Liabilities
Retained Earnings = Assets – Liabilities – Capital Stock