How do I calculate retained earnings? [Archive]

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vicjim

Mar 12, 2009, 01:15 PM

OK I have to find the retained earnings and I have no idea how to do so. My assets are $350,000.00 and my liabilities are $80,000.00 and capital stock is $210,000.00 how do I find the retained earning?

codyman144

Mar 12, 2009, 06:06 PM

Remember:

Assets = Liabilities + Equity

Now what makes up Equity? Do you get it now?