Retained earnings

Nokia is a Finnish multinational communications and information technology company. It founded in 1865. Nokia is a huge multinational company. Here is the balance sheet of this company of year 2014. Various finance and their relevant cost would have control the financial statement of Nokia. Such as --- - Non-current assets - Current assets - Non-current liabilities - Current liabilities - Shareholders’ equity and etc. These various finance and their relevant cost would have controlled by the…

statement reflects how lucrative a company is. This statement provides the net income of a period by calculating the revenue of cash into the company subtracted by expenses incurred. Statement of retained earnings- Reflects the changes in earning of a company within a given period. The statement of retained income is generally two balance sheets reflecting the addition of net income and the deduction of dividends. Balance sheet- Provides insight into the companies’ ability to pay debts and its…

These statements include income statements, balance sheets, statements of cash flows, and statements for retained earnings. Income statements display revenues and expenses for a given period. “Revenues are increases in wealth for the company’s owners which come from the sale of goods or services to clients. Expenses are the consumption of resources that are needed…

are: Retained Profits, Bank Overdraft, Government Grant, Bank Loan, Venture Capital, Personal Saving, Credit Union and Building Society. 1 Retained Profit: Retained profit is the profit kept in the firm rather than paid out to shareholders as a dividend (Beta.tutor2u.net, 2015). 2 Bank Overdraft: Bank Overdraft is where we have drawn cheque on our bank…

120,889,000 c. Consolidated statement of changes in equity. d. This statement shows operations of the company and what have changed in the equity in the past year (AccountingExplained, 2010). Here are 4 basic components of retained earnings: Beginning balance of retained earnings, Corrections for prior errors along with the related tax effect, Net income, Dividends by the owner. Q3. a.…

INTRODUCTION A dividend decision policy of a firm is a crucial area of financial management. The importance of a dividend policy is to determine the amount of earnings or profit made by the company to be distributed to shareholders and the amount to be retained in the firm. The amount retained is called retained earnings this are the most significant internal sources of financing the growth of the firm. On the shareholder side dividends are considered desirable because they may increase the…

As a financial and insurance service group, MAA Group Berhad (MAAG) is a wholly owned Malaysia invested holding company operating in the Financial Services Sector and is listed on the Main Board of Bursa Malaysia. MAA Group has been long time in industry player with its first appearance in 1968 through Malaysian American Assurance Company Berhad (MAAB), which was incorporated as a public listed company principally engaged in the General and life insurance businesses. MAA Group was founded in…

There is a small fried chicken restaurant nearby named Cheogajip Chicken. This restaurant is on my top 5 best fried chicken restaurant; yes, it's that good. My family makes a purchase at this place at least once every quarter, it's locally owned by a Korean family that I occasionally bump into at our neighborhood Costco as they purchase business supplies. I wish the owners success and hope that this establishment grows and serves delicious fried chicken for year to come, this is why I select…

I will be looking at the Tesco Plc Annual Report and Financial Statements 2014 in this week’s learning journal since it is the company I chose in my week 1. Before I delve into discussing whether I think they use accrual-based account or cash-based accounting I will like to define the terms. Accrual basis accounting simply means the process of recording revenue and expenses as they take place even though there has not been an exchange of cash, while, cash basis accounting as the name typifies is…

Discuss the various business structures and formations. There are four types of business formation: 1. Sole Proprietorship: - In the Sole Proprietorship One single Individual operate and run the business, therefore he is solely responsible for any kind of profits/losses. The Owner has its own full control on business. 2. Partnership: - In the partnership formations there are two or more person come together and operate their own business which is called as partnership. They both have sharing…