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What is the ending balance for retained earnings?


The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: 


Retained earnings balance at the beginning of the year $163,000

Cash dividends declared for the year                           50.800

Net income for the year                                            98,000 


What is the ending balance for retained earnings?

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Answer #1

Ending balance in Retained earnings

= Beginning balance + Net income - Dividends

= 163,000+98,000-50,800

= 210,200
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