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-   -   Retained earnings plus net income? (https://www.askmehelpdesk.com/showthread.php?t=195886)

  • Mar 18, 2008, 08:27 AM
    leelaa
    Retained earnings plus net income?
    Is the balance of retained earnings the sum of retained earnings account + net income account?
  • Mar 18, 2008, 01:06 PM
    CaptainForest
    Yes, and it also includes the decrease in dividends.

    Opening Retained Earnings + Net Income – Dividends = Closing Retained Earnings.

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