retained earnings statement
Retained earnings statement
Retained Earnings Statement
A financial statement that a publicly-traded company files each year stating its net income that has not been paid out as dividends. See also: Plowback rate.
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Retained Earnings Statement for 20X6 for Year Ended December 31 20x6 Beginning retained earnings-as previously reported $125,800 Prior-period adjustment: Change in accounting principle, less tax effect of $1,200 2,800 Beginning retained earnings-adjusted 128,600 Add: Net income 86,100 Ending retained earnings $214,700 Exhibit 5 ABC Co.
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