COST's fortress-like balance sheet, soaring cash reserves and modest debt highlight its financial edge in retail.

Discrepancies between your balance sheet and your tax return can cause you a financial headache. It is possible to have a difference between your end-of-the-year retained earnings and the amount ...

1. Retained Earnings Retained earnings represent the cumulative amount of a company's net income that has been held by the company as equity capital and recorded as stockholders' equity.

You can use an accounting formula to update the retained earnings account balance. To calculate the new amount, find the current retained earnings account on the balance sheet. Add the current net ...