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    Kygall's Avatar
    Kygall Posts: 9, Reputation: 1
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    #1

    Sep 8, 2007, 04:12 PM
    Beginning Retained Earnings -?
    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:
    Kygall's Avatar
    Kygall Posts: 9, Reputation: 1
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    #2

    Sep 8, 2007, 05:22 PM
    Quote 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:
    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.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #3

    Sep 8, 2007, 07:54 PM
    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
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