Ending retained earnings is calculated as
Retained Earnings Calculator - Retained Earnings Formula
Ending retained earnings = Beginning retained earnings + Net income – Dividends Note that in the case of a corporation, the reinvested profits are added to Retained Earnings, not Common Stock. The Common Stock account is credited only when new shares are issued to stockholders; it represents new investments as opposed to the revinvestment of profits.
[DOC File]ANSWERS TO QUESTIONS
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Bakersfield Incorporated Statement of Retained Earnings For the Year Ending December 31, 2010 Beginning Retained earnings as of January 1, 2010 200,000 Adjustment for change in inventory method ($125,000 × .6) Beginning Retained earnings restated 125,000 Add: Net Income 622,800 Less: Dividends Ending Retained earnings 737,800
[DOC File]Appendix 2: Sample Format for Financial Statement Projections
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However, because the transfer was upstream, the portion of the subsidiary's income assigned to the outside owners will be reduced by 20 percent of that deferral or $3,240. The net effect on consolidated net income (and, hence, on the ending retained earnings balance) is $12,960. Smith's retained earnings, December 31, 2006 (given) $600,000
[DOC File]Chapter 7
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Beginning retained earnings $320,000 - Net loss for the year (279,500) - Ending retained earnings (5,500) = Dividends paid $35,000. Requirement 2: Assessment of financial performance of Global: Net loss for the year is an indication of poor operating performance.
[DOC File]ac311 [ac311]
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Or ending retained earnings can be computed as follows: Total stockholders’ equity $1,299,000 Add: Treasury stock 191,000 Less: Paid-in capital 1,080,000 Ending retained earnings $ 410,000 Note to instructor: There is no dividends account. Thus, the 12/31/07 retained earnings balance already reflects any dividends declared.
[DOC File]ANSWERS TO QUESTIONS
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What information can be calculated from Facebook’s trial balance? Facebook, Inc., is a publicly held corporation and issued its financial statements for 2015 earlier in 2016. To follow is a condensed and adapted trial balance as of December 31, 2015, that was constructed from those financial statements.
[DOCX File]What information can be calculated from Facebook’s trial ...
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The student must determine through analysis the ending balance in retained earnings. Problem 4-3 (Time 30–40 minutes) Purpose—to provide the student with an opportunity to analyze a number of transactions and to prepare a partial income statement. The problem includes discontinued operations, an extraordinary item, and the cumulative effect ...
[DOC File]Accounting Equation:
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The ending retained earnings ($336,150) is calculated by adding net income ($239,000) to the beginning retained earnings ($146,150), and then subtracting dividends ($49,000). “In Business Insights” “Automating the Budgeting Process” (see page 318) AGENDA: PROFIT PLANNING (BUDGETING) A. Purposes and overview of budgeting.
[DOC File]CHAPTER 5
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Businesses pay income taxes based on their income. However, the income number calculated for tax purposes is usually different from that calculated using the generally accepted accounting principles (GAAP) for financial reporting purposes. This is so because tax rules are based on laws enacted by Congress, which do not necessarily follow GAAP.
[DOC File]Chapter 3
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48 Retained Earnings Enter first column, only. Spreadsheet will calculate subsequent periods by adding prior period retained earnings to projected net profit (line 13), and deducting dividends or withdrawals (line 27). 49 TOTAL LIABILITIES AND NET WORTH Sum of lines 46 through 48 (calculated).
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