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Q: Is equity and retained earnings revalued?
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Is retained earnings a liability?

NO, the retained earnings would be in the equity part of the equation.


Are retained earnings an asset equity or liability?

asset equity


Where do retained earnings go?

Retained earning does not go anywhere. It is a part of capital equity which shown in equity section of balance sheet.


Retained earnings appear on the income statement?

No. Retained Earnings appears in the Equity section of the Balance Sheet.


Is retained earnings asset or liability?

Neither. Retained Earnings falls in the Equity section of the Balance Sheet.


What affects stockholders equity?

increase retained earnings


Is sales an asset account?

Sales is generally considered "Revenue" or "Income" and therefore are an Owners Equity Account. Sales affect Retained Earnings and Retained Earnings affects Owners Equity.


What is net equity?

net new equity is given by the formula; new equity-old equity- addition to retained earnings


How should you treat retained earnings in the balance sheet?

Retained earnings should be treated as a part of the equity section on the balance sheet. It is typically shown as a separate line item under shareholders' equity. Retained earnings represent the accumulated profits of the company that have been reinvested rather than distributed to shareholders.


How do you figure total equity if given assets liabilities and net income?

It's pretty easy. The basic financial equation is: Assets = Equity + Liabilities. A part of equity is retained earnings. Retained earnings = net income - dividends Equity = Assets - Liabilities


What is net new equity?

net new equity is given by the formula; new equity-old equity- addition to retained earnings


What part of the elements of financial statements does retained earnings belong to?

equity