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Calculate retained earnings
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If a corporation has assets of $250,000, liabilities of $70,000, and capital stock of $120,000, what is the amount of retained earnings?
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If the year-end financial staement the income staement shoed net income of $23,700, and the balance sheet showed ending reained earnings of $91,000. The firm determined that adjustments should be made that would increase revenues by 5,000 and increase expenses by $8,400. Calculate the amounts...
Calculate retained earnings
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Using the data below, how do I calculate the retained earnings balance as of December 31,2007 Retained earning dec 31 2008 - $245,200 Net decrease in total assets during '08 - $37,400 Net increase in accounts receivable in '08 - $8,600 Dividends declared and paid in '08 - $33,600 Proceeds...
Formula to calculate retained earnings?
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I have been looking for a formula to calculate retained earnings and I have found so many that I am unsure what to use? Can anyone help or at least tell me if one the ones listed below is correct? Assets – Liabilities = Retained Earnings Owners Equity = Capital stock+retained earnings assets –...
Retained earnings
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At the end of the year, retained earnings totaled $1,700. During the year, net income was $250 and dividends of $120 were declared and paid. Retained earnings at the beginning of the year totaled? View more questions Search
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