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-   -   Classified balance sheet - retained earnings (https://www.askmehelpdesk.com/showthread.php?t=401954)

  • Oct 2, 2009, 10:41 AM
    brentyg1
    Classified balance sheet - retained earnings
    Would you add your net income or comprehensive income to get your ending balance for retained earnings. I am assuming net income but not positive.
  • Oct 3, 2009, 03:16 AM
    morgaine300

    Can you please no double-post your questions.

    Net income.

    Comprehensive income consists of both net income and "other" comprehensive income. The "other" portion is part of equity but outside of retained earnings.

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