Tutors on net
Tutors on NetTutors on Net

Statement Of Retained Earnings

Statement of Retained Earnings Assignment / Homework Help
One of the components of financial statements, retained earnings statement depicts the changes in enterprisesí retained earnings over a period. It is a reconciliation of the retained earnings at the beginning of the period and at the end of the period with items affecting the changes reported therein. The items that form part of the retained earnings statement are the net income for the period and dividends declared during the period. It may also contain any other item that is charged or credited to retained earnings.

A typical statement of retained earnings is presented below:

STATEMENT OF RETAINED EARNINGS
For the year ended 31 December 2009

Retained earnings, 1 January 2009 $25,000
Add: Net income for the year $20,000
$45,000
Less: Dividends $15,000
Retained earnings, 31 December 2009 $30,000

Generally, an enterprise prepares a Statement of changes in equity instead of the retained earnings statement which comprise of not only the changes in the retained earnings during the year but also the changes in the enterprisesí other equity accounts like capital stock and reserves.


Online Live Tutor Statement of Retained Earnings:

We have the best tutors in accounts in the industry. Our tutors can break down a complex Statement of Retained Earnings problem into its sub parts and explain to you in detail how each step is performed. This approach of breaking down a problem has been appreciated by majority of our students for learning Statement of Retained Earnings concepts. You will get one-to-one personalized attention through our online tutoring which will make learning fun and easy. Our tutors are highly qualified and hold advanced degrees. Please do send us a request for Statement of Retained Earnings tutoring and experience the quality yourself.

Online Statement of Retained Earnings Help:

If you are stuck with a Statement of Retained Earnings Homework problem and need help, we have excellent tutors who can provide you with Homework Help. Our tutors who provide Statement of Retained Earnings help are highly qualified. Our tutors have many years of industry experience and have had years of experience providing Statement of Retained Earnings Homework Help. Please do send us the Statement of Retained Earnings problems on which you need Help and we will forward then to our tutors for review.