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To prepare the financial statements, a company will look at the adjusted trial balance for account information. From this information, the company will begin constructing each of the statements, beginning with the income statement. The statement of retained earnings will include beginning retained earnings, any net income (loss) (found on the income statement), and dividends. …

Adjusted trial balance example and explanation Leer más »

You can compare your company’s retained earnings from one accounting period to another. When you own a small business, it’s important to have extra cash on hand to use for investing or paying your liabilities. But with money constantly coming in and going out, it can be difficult to monitor how much is leftover. The …

Retained Earnings Definition Formula And Examples Leer más »

If the auditor determines that the company is no longer a going concern, assets normally reported at cost on the balance sheet will instead be reported at a calculated liquidation value. If a company is not a going concern, that means there is risk the company may not survive the next 12 months. Management is …

Going-Concern Value Defined, How It Works, Example Leer más »