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    Retained Earnings

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    Please provide steps to calculate the retained earnings in 2010 using the following information:

    Retained earnings: 841, 200

    Decrease in total 183, 200
    liabilities:

    Gain on sale of building: 64, 400

    Dividends declared and
    pd. in 2010: 18, 000

    Proceeds from sale of
    common stock 197, 600

    Net Income 90, 400

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    https://brainmass.com/business/accounting/calculate-retained-earnings-example-question-370202

    Solution Preview

    Ending retained earnings for 2010 = beginning retained earnings + net income - ...

    Solution Summary

    The solution explains the calculation of ending retained earnings.

    $2.19

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