Balance of Retained Earnings

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Balance of Retained Earnings

A financial statement declaring a company's retained earnings at the beginning and end of an accounting period. It begins with the unadjusted retained earnings from the previous accounting period, then lists adjustments, adds net income, and subtracts dividends paid. The final entry lists the retained earnings at the end of the accounting period. The balance of retained earnings is published along with a balance sheet.
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There appeared to consensus that Omani firms' dividend payments are determined by the previous dividend level, current profits, future prospects, cash position, shareholders' preference, the balances of retained earnings and the statutory accounts.