Example of retained earnings - Note 25
- |
- Email a Friend |
Digg
| 
StumbleUpon
| 
Facebook
NOTE 25 - STATEMENT OF RETAINED EARNINGS
The retained earnings account balances have been calculated using the following information:
| YEAR 1 | YEAR 2 | YEAR 3 | |
| Beginning Retained Earnings | $ 0 | $ 49,294 | $ 98,326 |
| Add: Net Income After Taxes | $ 69,294 | $ 74,032 | $ 81,478 |
| Less: Dividends | $(20,000) | $(25,000) | $(30,000) |
| Ending Retained Earnings | $49,294 | $ 98,326 | $149,804 |