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New Member
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Jan 29, 2008, 12:22 AM
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Retained earnings
A firm has net income of $50,000. Dividends are $15,000
How much does the firm put in retained earnings?
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New Member
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Jan 29, 2008, 08:28 PM
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Hi,
YOu would put the net income amount from the incopme statement ( I assume that is the 50,000) and then the dividends are those that are paid during the accounting period... hope that helps :)
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New Member
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Jan 31, 2008, 11:27 PM
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Hi... the Retained Earnings are those which are Retained by the business after all expenses including the dividends are paid... so you'll take in the Retained Earnings $35,000 i.e. ($50,000-$15,000).
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