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    brentyg1's Avatar
    brentyg1 Posts: 13, Reputation: 1
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    #1

    Oct 2, 2009, 10:41 AM
    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.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Oct 3, 2009, 03:16 AM

    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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