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[DOC File]Godgift
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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
how to figure out retained earnings

[DOC File]14
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First, we need to calculate the new equity sold. The equity balance increased during the year. The only way to increase the equity balance is to add addition to retained earnings or sell equity. To calculate the new equity sold, we can use the following equation: New equity = Ending equity – Beginning equity – Addition to retained earnings
what is retained earnings formula

[DOC File]CHAPTER 2
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Additions to RE = NI – Div. So, the only two things that can change retained earnings are net income and dividends. The company does not pay dividends, so retained earnings declined because net income was negative. Therefore, statement a is correct. (Retained earnings fell by $380,000 and dividends are 0, so net income was -$380,000.)
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[DOC File]FINANCIAL ANALYSIS AND PLANNING
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Change in Retained Earnings = (Revenues – Operating Expenses – Depreciation - (Interest Bearing Debt) * (Debt rate)) * (1 – Corporate Tax Rate) - Dividends. Upon inspection, note that this equation is simply Net Income – Dividends = Change in Retained Earnings.
how to find change in retained earnings

[DOC File]JustAnswer
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Nov 17, 2010 · the data given below, calculate the retained earnings balance as of December 31, 2009. Retained Earnings, December 31, 2008 $420,000 Cost of equipment purchased during 2009 125,000 Net loss for the year ended December 31, 2009 43,000 Dividends declared and paid in 2009 55,000 Decrease in cash balance from Jan.1, 2009 to Dec. 31, 2009 12,000 Decrease in long-term debt in …
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[DOC File]Foreign currency translation
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** Retained earnings, 1/1/10 in US dollars: Retained earnings, 1/1/09 $0 Plus: 2009 net income $339,750 Less: 2009 dividends $34,200 Retained earnings, 1/1/10 $305,550 Calculation of 2010 translation adjustment: Complete the following table to determine the translation adjustment for 2010. Item FC Translation. Rate
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[DOC File]Answer to EOC Problems, Chapter 2:
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statement of retained earnings. provides additional details about changes in retained earnings during a reporting period. This financial statement reconciles net income earned during a given period minus any cash dividends paid within that period to the change in retained earnings between the beginning and ending of the period. LG1 2.
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[DOCX File]Chapter 2: Accounting Statements and Cash Flow
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The capital surplus account will increase by $48 million, the value of the new common shares sold above its par value. Since the company had a net income of $9 million, and paid $2 million in dividends, the addition to retained earnings was $7 million, which will increase the accumulated retained earnings …
calculate retained earnings formula

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One of the disclosure requirements for a change in accounting principle is to show the cumulative effect of the change on retained earnings as of the beginning of the earliest period presented. 7. An indirect effect of an accounting change is any change to current or future cash flows of a company that result from making a change in accounting ...
how to figure out retained earnings

How to calculate change in retained earnings