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Business Definition for: retained earnings statement
retained earnings statement

accounting form showing the beginning balance of retained earnings, adjustments to it during the year, and ending balance. The retained earnings statement may be presented separately or in a combined statement of income and retained earnings. An illustrative retained earnings statement follows:
Retained Earnings-Unadjusted beginning balance
Plus or Minus: Prior period adjustments
Retained Earnings-Adjusted beginning balance
Plus: Net income
Minus: Dividends
Retained Earnings-Ending balance

retained earnings statement

reconciliation of the beginning and ending balances in the retained earnings account on a company's balance sheet . It breaks down changes affecting the account, such as profits or losses from operations, dividends declared, and any other items charged or credited to retained earnings. A retained earnings statement is required by Generally Accepted Accounting Principles whenever comparative balance sheets and income statements are presented. It may appear in the balance sheet, in a combined Profit and Loss Statement and retained earnings statement, or as a separate schedule. It may also be called statement of changes in earned surplus (or retained income).

retained earnings statement

reconciliation of the beginning and ending balances in the retained earnings account on a company's balance sheet . It breaks down changes affecting the account, such as profits or losses from operations, dividends declared, and any other items charged or credited to retained earnings.

Copyright © 2005, 2000, 1995, 1987 by Barron's Educational Series, Inc., Reprinted by arrangement with Publisher.
Copyright © 2006, 2003, 1998, 1995, 1991, 1987, 1985 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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