Retained earnings not tying?
I am trying to tie out retained earnings for a public company (Carnival corporation) for the most recent period, but it looks like the standard Net Income - dividends + previous year retained earnings formula is slightly off (by $28 million). Any suggestions or ideas of what else is in included?
I would double check that my NI, dividends, and previous retained earnings are accurate. The statements you're using might not be the most up-to-date. If retained earnings is off then the balance sheet is not balancing or the asset side is off too
Nostrum vel voluptas labore in voluptatibus qui qui adipisci. Enim consequatur iure eos magni praesentium maiores. Vero debitis quod nulla est placeat dolores aut perspiciatis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...