Unformatted text preview: companies revenues are less then the expenses then they would have a net loss in the company. This total is carried over to the Retained Earnings Statement. The amount paid from the Retained Earnings to the Stockholder is called dividends. A single step is when you record the revenues, expenses and net income in one step showing you the net income of the company....
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- Spring '11
- Balance Sheet, 280 week, retained earnings statement., Brittney Bryson