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Balance Sheet Liabilities Assets And Items Current That Places The Equity To

Worksheet Details

  • CategoryBalance Sheet.
  • TopicBalance sheet liabilities items.
  • AuthorNatalie Hayes
  • PostedSat, Aug 24th 2019 11:24 AM
  • Formatjpg/jpeg

Retained earnings are a little different. Remember the formula for the balance sheet? (Assets = Liabilities + Equity?) If you’ve filled out the rest of your balance sheet template, then you will have only retained earnings left to work with. Therefore, retained earnings are equal to Assets – Liabilities – Contributed Capital.

A balance sheet helps individuals and business owners understand where their finances stand during a specific time period. A person reading a balance sheet can learn a lot about a business and its viability.

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