[GNC] retained earnings in balance sheet: where does it come from?
Andrea Borgia
andrea at borgia.bo.it
Sat Mar 9 11:44:13 EST 2019
Hi.
While splitting a multi-year book, I saw that the (end of) 2016 balance
sheet has an entry called "retained earnings" with a value of 54.10.
A find-by-value gives me an entry in jan.2017 from an account which has
a tax-related flag set (and can't be changed, too): am I correct in
assuming the report is referring to this one? Also, why don't I see a
similar entry in the 2015 balance sheet for the corresponding 53.80
entry involving the same accounts?
More to the point: can I just safely ignore it?
After all, the total assets and the total equity match.
Thanks,
Andrea.
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