Retained Earnings - retained earnings Companies charge or credit these adjustments(net of tax to the opening balance of retained earnings This

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Retained Earnings Statement Net income increases retained earnings. A net loss decreases retained earnings. Both cash and stock dividends decrease retained earnings. Changes in accounting principles (generally) and prior period adjustments may increase or decrease
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: retained earnings. Companies charge or credit these adjustments (net of tax) to the opening balance of retained earnings. This excludes the adjustments from the determination of net income for the current period....
View Full Document

This note was uploaded on 03/08/2011 for the course ACCOUNTING 14 taught by Professor Saeedi during the Spring '11 term at Amirkabir University of Technology.

Ask a homework question - tutors are online