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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.

Or comprehensive income?

Would you consider a (gain on expropriation of business-gross) a extraordinary item to list towards bottom of stmt?:confused:

I am working with the ten column spreadsheet and that is the way it is classified..
And I agree with making a adjustment entry and not touching the "unadjusted" because those are really your...

More specific?

Well first of all, there is a "normal" balance for each account...
Second, the dividends have a debit balance...
Third, the for others was a mistake...
And last, the dividends get paid out so I...

I was told it usually falls in selling expenses?

I found that the dividends would off set the owners equity and would be closed to that account also

For others

If you were estimating taxes on income before tax..
1) you have to do income statement before the estimation could be calculated..
2) would you go back and include this amount in the unadjusted...

Would bad debt expense be included in the general and administration section or other income (expenses) on a multi step income statement?

I would debit something in owners equity

I am putting together a multi-step income stmt and we were given many accounts but not with the normal balances. I found it does have a debit balance. Would this go anywhere on income stmt?