Net Income & Retained Earnings (Balance Sheet)

rmisk aretae at
Sat Nov 14 23:11:40 EST 2009

As I have mentioned before but got no reply I am having difficulty
understanding the reports.  Maybe someone will answer this question:

I think I understand Retained Earnings reasonably well but I have difficulty
understanding why there are 3 headings under Equity Accounts named Retained

More importantly I would have thought one of them would have reflected the
Current Earnings from the Income Statement.  That is not the case the Net
Income is about 10% less than the Retained Earnings. I get the same result
with all the Balance Sheet, Income Statement, and Profit & Loss Reports so
it is consistent.  I would very much appreciate an explanation.

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