STATEMENT OF RETAINED EARNINGS Definition

Bookmark and Share

STATEMENT OF RETAINED EARNINGS is one of the four basic financial statements; the Statement of Retained Earnings is a reconciliation of the Retained Earnings account. Information such as dividends or announced income is provided in the statement. The Statement of Retained Earnings provides information about what a companys management is doing with the companys earnings.

Learn new Accounting Terms

OTHER CURRENT LIABILITIES includes any other current liabilities, including bank overdrafts and accrued expenses.

AAA-CPA is American Association of Attorney-Certified Public Accountants.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.