Using Financial Accounting Information
Using Financial Accounting Information
10th Edition
ISBN: 9781337276337
Author: Porter, Gary A.
Publisher: Cengage Learning,
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Chapter 1, Problem 1.8.2P
To determine

Concept Introduction:

Retained Earnings are the accumulated profit which includes profit of all past years. Retained earnings increases when company earns profit and decreases when company incurs loss. Retained earnings are also decreased when company pays dividends.

To State: Information includes in statement of shareholders equity that doesn’t includes in statement of retained earnings.

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Using Financial Accounting Information

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Dividend explained; Author: The Finance Storyteller;https://www.youtube.com/watch?v=Wy7R-Gqfb6c;License: Standard Youtube License