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#cfa-level-1 #reading-23-financial-reporting-mechanics
Ending retained earnings = Beginning retained earnings + Net income − Dividends

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3.2. Accounting Equations
mpany’s ending retained earnings is composed of the beginning balance (if any), plus net income, less any distributions to owners (dividends). Accordingly, the equation underlying retained earnings is: Equation (4a)  <span>Endingretainedearnings=Beginningretainedearnings+Netincome−DividendsEndingretainedearnings=Beginningretainedearnings+  Netincome−Dividends Or, substituting Equation 3 for Net income, equivalently: Equation (4b)  Endingretainedearnings=Beginningretainedearnings+Revenues−Expenses−Divide


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