Statement of retained earnings : This statement reports the beginning retained earnings and all the changes which led to ending retained earnings. Net income from income statement is added to and dividends is deducted from beginning retained earnings to arrive at the end result, ending retained earnings. To prepare: Statement of retained earnings of DD Studio for the year ended December 31, 2018

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Chapter 1, Problem 1.35E

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Statement of retained earnings: This statement reports the beginning retained earnings and all the changes which led to ending retained earnings. Net income from income statement is added to and dividends is deducted from beginning retained earnings to arrive at the end result, ending retained earnings.

To prepare: Statement of retained earnings of DD Studio for the year ended December 31, 2018

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