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View Full Version : Retained Earnings


Tsuki
Jul 11, 2010, 07:42 AM
Beginning Retained Earnings $217,000
Plus: Net Income ?
Less: Dividends 56,000
Ending Retained Earnings $231,000

$217,000+X-$56,000=$231,000
-217,000 +56,000 -161,000
X=$70,000

So 'X' or Net Income= $70,000

morgaine300
Jul 16, 2010, 12:55 AM
This is correct.

But please next time start your own thread for your question rather than tagging onto someone else's old one. I've moved yours into its own thread.