FSA: beginning retained earnings and ending retained earning beginning, income

Halawiz

is it:
ending retained earnings=
beginning retained earnings + net income - dividend paid? Thanks

tikfed

Once declared they become a LIABLIITY for the company, and so they should be subtracted. Otherwise the accounting equation will not balance.

thommo77

I have just come across a question from Elan stating that dividends declared should be subtracted.
The question was specifically designed to address this.
Seems wrong.
Thoughts?
M.

busterbluth

Yes you are correct.

wilslm

Yes it is.