The beginning period, any net income or net loss, and any dividends are used to calculate the sum for retained earnings on the balance sheet.
A balance sheet is a financial statement that lists the assets, liabilities, and shareholder equity of a corporation at a certain point in time. Balance sheets serve as the foundation for calculating investor return rates and assessing a company's financial structure. The balance sheet, or statement of financial position, is a summary of the assets and liabilities of a corporation as well as the amount of shareholder investment. To do fundamental analysis or determine financial ratios, balance sheets can be utilized alongside other significant financial accounts. According to the balance sheet, assets are equal to the total of liabilities plus shareholder equity. Financial ratios are determined from balance sheets and used by fundamental analysts.
Learn more about balance sheet here
https://brainly.com/question/26323001
#SPJ4
