Would a net loss be added or subtracted to the statement of owners equity?

Jennyg22 Posts: 3, Reputation: 1

New Member

Feb 16, 2011, 07:04 AM

Would a net loss be added or subtracted to the statement of owners equity?

pready Posts: 3,197, Reputation: 207

Ultra Member

Feb 16, 2011, 07:25 AM

Net Income is added to retained earnings, therefore a Net Loss would be subtracted from retained earnings.

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