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CSAC2500 > CH1-3. Statement of Changes in Equity: Beginning Retained Earnings, Net Earnings, Dividends, Ending Retained Earnings > Flashcards

CH1-3. Statement of Changes in Equity: Beginning Retained Earnings, Net Earnings, Dividends, Ending Retained Earnings Flashcards

1
Q

Beginning Retained Earnings

A

Last period’s ending balances

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2
Q

Net Earnings for the Year

A

Net earnings reported on the Statement of Comprehensive Income

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3
Q

Distribution of Dividends

A

Dividends declared during the period

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4
Q

Ending Retained Earnings

A

Ending Balances reported as “retained Earnings” on Statement of Financial Positions

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CSAC2500 (3 decks)

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