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The Sub-Statement of Retained Earnings

  • Felix I. Lessambo
Chapter

Abstract

The statement of retained earnings is financial statement which outlines the changes in retained earnings for a specified period. The statement of retained earnings is prepared in accordance with generally accepted accounting principles (GAAP). The statement of retained earnings reconciles the beginning and ending retained earnings for the period, using information such as net income from the other financial statements.

Keywords

Retained earnings Changes in retained earnings 

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Felix I. Lessambo
    • 1
  1. 1.Central Connecticut State UniversityNew BritainUSA

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