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What is retain earning? What is it impact in financial statement?

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Question added by Aamir Raza , Accountant General , MULTIHOME FURNITURE IMPORT AND EXPORT
Date Posted: 2016/05/17
Judel Rosal
by Judel Rosal , Assurance and Audit Associate , SGV & Co. (EY Philippines)

"Retained Earnings" refers to the portion of the accumulated results of prior years' operations (net income) that is retained by an entity, which may be unappropriated or appropriated for a special purpose as determined by the board of directors. 

Mohammed Shahsad
by Mohammed Shahsad , Freelance Travel Consultant , Freelancing

It is the portion of net income of a company which is retained by the company rather than giving the dividend to the shareholders.

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