Can someone please tell me where I should be looking in order to locate the 'Beginning" R/E? I've looked on the Balance Sheet and the Income Statement and I can't figure out where 'they' got the number. :confused:

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Originally Posted by Kygall

Can someone please tell me where I should be looking in order to locate the 'Beginning" R/E? I've looked on the Balance Sheet and the Income Statement and I can't figure out where 'they' got the number. :confused:

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Okay~ I'm embarrassed and feel stupid. After reviewing the balance sheet 'for over an hour' LOL, I realized that the Beg R/E was my balance from the previous years "Accounts receivable"... Thanks anyway! - I hope this question helps someone else.

Just because the numbers are the same have no correlation.

The beginning R/E of this year will be equal to last years closing R/E.

The AR account balance is irrelevant to calculating R/E