Retained earnings at the end of the period is equal to
A) retained earnings at the beginning of the period plus net income minus liabilities.
B) retained earnings at the beginning of the period plus net income minus dividends declared.
C) net income for the period.
D) assets plus liabilities.

Question

Quizplus · Accepted Answer

Retained earnings at the end of the period is calculated by taking the retained earnings at the beginning of the period, adding net income, and subtracting any dividends declared during the period.

Retained Earnings at the End of the Period Is Equal