August 2023
Now, if you paid out dividends, subtract them and total the Statement of Retained Earnings. You will be left with the amount of retained earnings that you post to the retained earnings account on your new 2018 balance sheet. This represents capital that the company has made in income during its history and chose to hold onto rather than paying out dividends. The statement of retained earnings can be created as a standalone document or be appended to another financial […]
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