acct229 at Texas A&M

11. The Closing Process

in Chapter 4 (Video 11 of 11)
The Closing Process isn't hard. I dare say that it's even fun. I'll show you why.

This Video Mentioned Some Formulas

Contributed Capital
+ Retained Earnings
Shareholder's Equity (or Owner's Equity)
Beginning RE
+ Net Income
– Dividends
Ending RE
– Expenses
Net Income

Did I miss anything in Chapter 4?

What Did I Miss?