1 Answered Questions for the topic Retained Earnings

Retained Earnings Managerial Accounting

03/15/15

does anyone know how to calculate retained earnings in the beginning of the year? please explain how did u work it out.
At the beginning of the financial year, the balance sheet showed assets of $1,364 and owners' equity of $836. During the year, assets increased by $74 and liabilities decreased by $38. At the end... more
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