albertina
May 30, 2008, 07:07 PM
I am reading about cash flow statements. However, I am confused by the examples given. The net income is given to me of $108,00; however, this is not the difference between the retained earnings from the two years given on the comparative balance sheet. Am I supposed to be able to determine the net income from a comparative balance sheet? How do I get the net income from comparative years?