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Retained Earnings Statement

6 May, 2015 - 17:39

The retained earnings statement is a summary of what has occurred to the retained earnings account. The retained earnings statement always begins with the ending balance of the past period, then presents net income or loss, dividend payments and other elements affecting the retained earnings account. It is not unusual for the retained earnings statement and the income statement to be combined into one statement. This is primarily done for simplicity.