3 years ago

Rockwell Inc. reported the following results for the year ended June 30, 2016:

Business

1 answer:

pychu [463]3 years ago

4 0

Answer:

See attached file

Explanation:

The Retained Earnings Statement is prepared to show changes in the amount of retained earnings over the accountable period. Retained earnings and Stockholders´ contributions are the main accounts in Stockholders´ Equity.

The first ones are profits reserved by the company to invest in future projects rather than distribute as dividends to shareholders, that’s why are calculated as follows:

Retained Earnings Final Balance = Retained Earnings Beginning balance – Dividend in cash – Stock dividend + Net Income – Net loss.

Stock Divided will register as Stockholders´ contributions.

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