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#cfa-level-1 #reading-23-financial-reporting-mechanics
Question
What the retained earnings equation?
Answer
Ending retained earnings = Beginning retained earnings + Net income − Dividends

Tags
#cfa-level-1 #reading-23-financial-reporting-mechanics
Question
What the retained earnings equation?
Answer
?

Tags
#cfa-level-1 #reading-23-financial-reporting-mechanics
Question
What the retained earnings equation?
Answer
Ending retained earnings = Beginning retained earnings + Net income − Dividends
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Ending retained earnings = Beginning retained earnings + Net income − Dividends

Original toplevel document

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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