Brantly​, Inc. had beginning retained earnings of $140,000 on January ​1, 2024. During the​ year, Brantly declared and paid $80,000 of cash dividends and earned $70,000 of net income. Prepare a statement of retained earnings for Brantly​, Inc. for the year ending December ​31, 2024.   Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal.​ (Check your spelling carefully and do not​ abbreviate.)   Brantly, Inc. Statement of Retained Earnings Year Ended December 31, 2024

Q: opening balance of Retained earnings

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.