14.4 Compare and Contrast Owners' Equity versus Retained Earnings
Owners' Equityβ
Owners' Equity Components:
- Share Capital
- Share Premium
- Retained Earnings
- Other Reserves
Total Equity: Total Equity = Share Capital + Premium + Retained Earnings + Reserves
Retained Earningsβ
Retained Earnings:
- Accumulated profits not distributed
- Increases with net income
- Decreases with net loss and dividends
- Part of total equity
Formula: Ending Retained Earnings = Beginning + Net Income - Dividends
Luxembourg Compliance Noteβ
Equity in Luxembourg:
- Must be properly classified (PCN Class 1)
- Must maintain accurate records
- Must comply with corporate law
- Must support all balances
Think It Throughβ
How do share capital and retained earnings differ? How do they work together in owners' equity?