How do you find beginning retained earnings?
Write down the formula, “Beginning retained earnings plus net income minus dividends equals retained earnings.” Go to the company website and find the financial statements. Find the income statement and scroll down to the amount listed on the net income line. Write that amount under the net income part of your formula.
What is the formula for ending retained earnings?
The ending balance of Retained Earnings is equal to the beginning balance of Retained Earnings, plus the Net Income (or minus the Net Loss) for the period, and minus any dividends declared during the period.
What is included in retained earnings?
Retained earnings are the profits that a company has earned to date, less any dividends or other distributions paid to investors. This amount is adjusted whenever there is an entry to the accounting records that impacts a revenue or expense account.