statement of retained earnings


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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.

statement of retained earnings

A financial statement that lists a firm's accumulated retained earnings and net income that has been paid as dividends to stockholders in the current period. Also called retained earnings statement.
References in periodicals archive ?
However, there will be no significant impact on the balance sheet; it will only impact the income statement and statement of retained earnings," he added.
June 30 /PRNewswire-USNewswire/ -- Most financial statements contain the obvious, standard components: balance sheet, income statement, statement of retained earnings, and statement of cash flows.
The opening balance in the 20X6 statement of retained earnings should he adjusted by $2,800 to reflect the change in inventory methods.
The set of financial statements, which consisted of two comparative balance sheets, two statements of cash flows, and one statement of retained earnings were incomplete.
The four major areas will include the balance sheet, the income statement, the statement of cash flows and the statement of retained earnings.
There is no requirement for a statement of retained earnings in GAAP-based financial statements, but a statement of changes in stockholders' equity is required.
The statement of retained earnings shows how the retained earnings account is adjusted between the two balance sheet dates.
Statement of retained earnings - that portion of the firm's earnings that has been saved rather than paid out as dividends.
It's prepared in a prescribed format, including a balance sheet, income statement, statement of cash flows and a statement of retained earnings.
In audits of commercial entities, determining materiality is somewhat simplified by the fact that every entity presents generally the same basic financial statements: balance sheet, income statement and statement of retained earnings and statement of cash flows.
INTERIM CONSOLIDATED STATEMENT OF RETAINED EARNINGS (unaudited) _________________________________________________________________________ Nine months ended September 30 (in millions of US dlrs) 2001 2000 ______ ______ Retained earnings - beginning of period 4,290 4,227 Net income 362 508 Amount related to common shares purchased for cancellation - (299) Dividends - Common (143) (98) - Preference (6) (7) ______ ______ Retained earnings - end of period 4,503 4,331 ______ ______ ______ ______ ALCAN INC.
A separate statement of retained earnings is not required, but corporations sometimes include it in their financial statements.

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