This statement shows how much of the company’s profits were kept inside the company and not paid out in dividends.
Sample Statement of Retained Earnings
|Statement of Retained Earnings for Acme Widgets Inc.As At February 28, 20xx|
|Opening retained earnings||0|
|Add net income for the period||$3,300|
|Total Retained Earnings||$3,300|
|Minus dividends paid||(300)|