会计学ch14.pptVIP

Retained Earnings, TreasuryStock, and the Income Statement Chapter 14 Retained Earningsand Dividends Retained Earnings shows the amount of income allowed to accumulate from the beginning of the corporation’s life to the present. Retained Earnings represents a claim on assets, but it is not cash. Retained Earningsand Dividends The balance in the Income Summary account is closed to Retained Earnings at period end. Dividends are distributions to the stockholders. To declare dividends there must be adequate retained earnings. Objective 1 Stock Dividends What are stock dividends? They are a pro