Definition:
Retained earnings is that part of net income which is not available to distribute to shareholders in the form of dividend.
Formula:
Retained earnings = net income - dividend
Beg. Retained earnings + NI - Div Paid = Ending RE
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Retained
Yes
retained earnings an asset?
Yes, since this account (Retained Earnings) is a credit account and an uppropriate retained earnings account is simply a non-restricted account which is Retained Earnings !!! Even the restricted/ appropriate retained earnings are credited.
Retained profits are profits of that particular financial year (After taken into account of dividends payouts, transfer to reserves and etc) without adding profits from the previous year. When Retained profit of the current year is transferred to the balance sheet after adding previous year profits, it is called retained earnings.(Retained profit + Retained earnings b/d = Retained earnings c/d).
none
Stetement of retained earnings summarizes the changes occured in retained earnings from opening balance to closing balance.
A retirement income calculator allows individuals to calculate how much income they will require each month when they have retained, factors that effect this includes age and savings.
The past tense of "retain" is "retained."
No, dividends cannot be paid out of a retained loss. In order to pay out your retained losses, you will need to get a shareholder loan.