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New Member
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Mar 27, 2007, 02:19 PM
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Finding Retained Earnings
If I have the assets, liabilities and capital stock figures, how can I use these figures to find the retained earning figure?
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Junior Member
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Mar 28, 2007, 01:22 PM
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Ultra Member
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Mar 28, 2007, 02:50 PM
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Assets = Liabilities + Owner's Equity
Owner's Equity = Assets – Liabilities
Also, Owner's Equity = Capital Stock + Retained Earnings
So,
Capital Stock + Retained Earnings = Assets – Liabilities
Retained Earnings = Assets – Liabilities – Capital Stock
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