{"id":33096,"date":"2021-12-07T02:27:23","date_gmt":"2021-12-06T20:57:23","guid":{"rendered":"https:\/\/presskitaquat.com\/?p=33096"},"modified":"2021-12-07T15:05:16","modified_gmt":"2021-12-07T09:35:16","slug":"negative-shareholders-equity","status":"publish","type":"post","link":"https:\/\/ozinews.in\/hindi\/negative-shareholders-equity\/","title":{"rendered":"Negative Shareholders Equity"},"content":{"rendered":"<div id=\"toc\" style=\"background: #f9f9f9;border: 1px solid #aaa;display: table;margin-bottom: 1em;padding: 1em;width: 350px;\">\n<p class=\"toctitle\" style=\"font-weight: 700;text-align: center;\">Content<\/p>\n<ul class=\"toc_list\">\n<li><a href=\"#toc-0\">Retained Earnings For Npo:<\/a><\/li>\n<li><a href=\"#toc-1\">Not Cash<\/a><\/li>\n<li><a href=\"#toc-2\">Example Of Negative Equity In The Real World<\/a><\/li>\n<li><a href=\"#toc-3\">What Does It Mean For A Company To Have High Or Low Retained Earnings?<\/a><\/li>\n<li><a href=\"#toc-4\">How Do I Calculate Return On Equity?<\/a><\/li>\n<\/ul>\n<\/div>\n<p><img decoding=\"async\" class='wp-post-image' style='display: block;margin-left:auto;margin-right:auto;' src=\"data:image\/jpeg;base64,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\" width=\"253px%\" alt=\"negative retained earnings balance sheet\"\/><\/p>\n<p>Some companies use retained earnings to fund operating activities or to help the business get through seasonal fluctuation periods. You can find a company&#8217;s retained earnings on the bottom line of its income statement. Net Profit or Net Loss in the retained earnings formula is the net profit or loss of the current accounting period. For instance, in the case of the yearly income statement and balance sheet, the net profit as calculated for the current accounting period would increase the balance of retained earnings. Similarly, in case your company incurs a net loss in the current accounting period, it would reduce the balance of retained earnings. Since all profits and losses flow through retained earnings, any change in the income statement item would impact the net profit\/net loss part of the retained earnings formula. A enterprise generates earnings that can be positive or negative .<\/p>\n<p><img decoding=\"async\" class='aligncenter' style='display: block;margin-left:auto;margin-right:auto;' src=\"data:image\/jpeg;base64,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\" width=\"250px%\" alt=\"negative retained earnings balance sheet\"\/><\/p>\n<p>And if the entity is operating in some industry like the insurance industry, the entity might spend some more time than others to break even and make profits. Negative return earnings are not a positive sign for the entity, and potential investors might concern about this seriously.<\/p>\n<h2 id=\"toc-0\">Retained Earnings For Npo:<\/h2>\n<p>Retained earnings appear under the shareholder\u2019s equity section on the liability side of the balance sheet. Retained earnings are the residual net profits after distributing dividends to the stockholders. Say, if the company had a total of 100,000 outstanding shares prior to the stock dividend, it now has 110,000 (100,000 + 0.10\u00d7100,000) outstanding shares. So, if you as an investor had a 0.2% (200\/100,000) stake in the company prior to the stock dividend, you still own a 0.2% stake (220\/110,000). Thus, if the company had a market value of $2 million before the stock dividend declaration, it\u2019s market value still is $2 million after the stock dividend is declared. This is because due to the increase in the number of shares, dilution of the shareholding takes place, which reduces the book value per share.<\/p>\n<ul>\n<li>Unlike retained earnings, which appear as a credit balance for a profitable business, negative retained earnings appear on the balance sheet as a debit balance.<\/li>\n<li>When a company records a profit, the amount of the profit, less any dividends paid to stockholders, is recorded in retained earnings, which is an equity account.<\/li>\n<li>Likewise, the traders also are keen on receiving dividend payments as they look for short-term gains.<\/li>\n<li>As the above equation shows, retained earnings is the profit reinvested in the business after paying dividends to the shareholders of the company.<\/li>\n<li>Learn what retained earnings are, how to calculate them, and how to record it.<\/li>\n<\/ul>\n<p>If the amount of the loss exceeds the amount of profit previously recorded in the retained earnings account as beginning retained earnings, then a company is said to have negative retained earnings. Negative retained earnings can arise for a profitable company if it distributes <a href=\"https:\/\/www.google.com\/search?q=contra+asset+account&#038;biw=1629&#038;bih=839&#038;hl=en&#038;gl=US&#038;ei=Vc1lYPe5KaGJrwTXnIewBA&#038;oq=contra+asset+account\">contra asset account<\/a> dividends that are, in aggregate, greater than the total amount of its earnings since the foundation of the company. When companies generate surplus income, shareholders often expect some income in the form of dividend payments, their reward for investing in the business.<\/p>\n<p>Janet Berry-Johnson is a CPA with 10 years of experience in public accounting and writes about income taxes and small business accounting. In the worst cases, the red-ink entry is a sign of serious financial problems and bankruptcy&#8217;s on the way. Depreciation basis is the amount of a fixed asset&#8217;s cost that can be depreciated over time. This amount is the acquisition cost of an asset, minus its estimated salvage value at the end of its useful life. Acquisition cost is the purchase price of an asset, plus the cost incurred to put the asset into service.<\/p>\n<h2 id=\"toc-1\">Not Cash<\/h2>\n<p>Negative retained earnings, or amassed deficit, have an effect on corporations and their shareholders negatively. In other words, negative shareholders&#8217; equity should tell an investor to dig deeper and explore the reasons for the negative balance. A good place to start is for investors to learn how to read a company&#8217;s income statement and balance sheet.<\/p>\n<p><img decoding=\"async\" class='aligncenter' style='display: block;margin-left:auto;margin-right:auto;' src=\"data:image\/jpeg;base64,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\" width=\"257px%\" alt=\"negative retained earnings balance sheet\"\/><\/p>\n<p>Statement Of Changes In EquityStatement of changes in equity is the adjustment of opening and closing balances of equity during a particular reporting period. It explains the connection between a company\u2019s income statement and balance sheet. It also includes all those transactions not captured in these two financial statements. As you see in the above snapshot, there is a huge amount of negative retained earnings in the Revlon balance sheet, which is leading to negative total equity. The negative retained earnings are mainly because of consistent losses from its operations, especially due to slowdown in its Chinese market. Instead, they reallocate a portion of the RE to common stock and additional paid-in capital accounts.<\/p>\n<p>Let us now have a look at the Shareholder\u2019s Equity section of Colgate. Please note that Colgate is a profitable company with retained earnings of $19.9 billion in 2016. Additionally, he took an additional loan of $40,000 and bought a stock of $80,000. In this article, you will learn about retained earnings, the retained earnings formula and calculation, how retained earnings can be used, and the limitations of retained earnings. Can you please explain how to take care of this, i am nowhere near your experienced level with this and sometimes seems a bit confusing. I am guessing that this should be brought to a zero balance somehow so i can better track and see money taken out for my next year period. Below is a short video explanation to help you understand the importance of retained earnings from an accounting perspective.<\/p>\n<p>Public companies simply call the owners&#8217; equity &#8220;stockholders&#8217; equity.&#8221; A company with negative retained earnings is said to have a deficit. It does not have any money in retained earnings, so it cannot pay out a dividend. To start paying a dividend, a company with negative retained earnings must generate sufficient revenues to make its retained earnings account positive.<\/p>\n<p>Under the company laws, shareholders are liable only to the extent that the money they invested in the business. Such a dividend payment liability is then discharged by paying cash or through bank transfer. The company is over-leveraged, which means that there is a huge amount of debt. This circle goes on, which generally results in a huge pile-up of debt, and the company is incurring losses.<\/p>\n<p>Once your business pays all its taxes, expenses, and other debts owed each period \u2013 including your shareholders\u2019 dividends, if applicable &#8212; the money left over is called retained earnings. Funds from retained earnings are often used to reinvest back in the company and fuel future growth, but it\u2019s also important to keep a portion on hand to ensure your business\u2019s long-term financial health. A retained loss is a loss incurred by a business, which is recorded within the retained earnings account in the equity section of its balance sheet.<\/p>\n<h2 id=\"toc-2\">Example Of Negative Equity In The Real World<\/h2>\n<p>For listed companies, at times, a negative balance can appear for the equity line-item of the balance sheet. Owner&#8217;s equity can be calculated by taking the total assets and subtracting the liabilities. Owner&#8217;s equity can be reported as a negative on a balance sheet; however, if the owner&#8217;s equity is negative, the company owes <a href=\"https:\/\/en.wikipedia.org\/wiki\/Normal_balance\">normal balance<\/a> more than it is worth at that point in time. Finally, there is one situation in which a company can pay a dividend even with negative retained earnings. If the company is wrapping up its operations, then it can make dissolution or liquidation dividend payments to shareholders regardless of the condition of its balance sheet.<\/p>\n<p><img decoding=\"async\" class='aligncenter' style='display: block;margin-left:auto;margin-right:auto;' src=\"data:image\/jpeg;base64,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\" width=\"259px%\" alt=\"negative retained earnings balance sheet\"\/><\/p>\n<p>Revenue is the money generated by a company during a period but beforeoperating expenses and overhead costs are deducted. In some industries, revenue is calledgross salesbecause the gross figure is calculated before any deductions. Traders who look for short-term gains may also prefer dividend payments that offer instant gains. Anyone looking to invest in your company or loan your company money will want to know why you have an accumulated deficit.<\/p>\n<p>This protects creditors from the shareholders liquidating the company through dividends. Generally speaking, a company with a negative retained earnings balance would signal weakness because it indicates that the company has experienced losses in one or more previous years. However, it is more difficult to interpret a company with high retained earnings. Profits give a lot of room to the business owner or the company management to use the surplus money earned.<\/p>\n<p>But if a company is consistently unprofitable, its retained earnings could become adverse. In this case, the board of administrators have no funds in retained earnings, so it can&#8217;t pay out dividends. The account stability in retained earnings typically is a positive credit score balance from income accumulation over time.<\/p>\n<h2 id=\"toc-3\">What Does It Mean For A Company To Have High Or Low Retained Earnings?<\/h2>\n<p>Because the company has not created any real value simply by announcing a stock dividend, the per-share market price is adjusted according to the proportion of the stock dividend. Proseries will not carryover a negative retained earnings automatically to the balance sheet so you will be out of balance. Above Schedule M-2 in the Forms view you need to check &#8220;no&#8221; in the second question about using automated Schedule M-2\/Retained Earnings Worksheet amounts so that it does not carry over to the balance sheet.<\/p>\n<h2 id=\"toc-4\">How Do I Calculate Return On Equity?<\/h2>\n<p>Companies can return the cash to shareholders through stock repurchases and dividends. The reported components <a href=\"https:\/\/accounting-services.net\/negative-retained-earnings\/\">negative retained earnings balance sheet<\/a> may be paid-in capital, retained earnings, treasury stock, and accumulated other comprehensive income.<\/p>\n<p>Negative retained earnings would be the result of a negative net income and then is subtracted from any balance in retained earnings from prior financial reports, i.e., 10q or 10k. If you recall retained earnings from last week\u2019s post are the balance leftover from net income that is set aside for dividends, share repurchases, or reinvestment back into the company. It is shown as the part of owner\u2019s equity in the liability side of the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Normal_balance\">normal balance<\/a> balance sheet of the company. How do I make a Negative Retained Earnings even more negative due to Distributions?. Proseries seems to disallow a negative retained earnings caused by distributions. Since stock dividends are dividends given in the form of shares in place of cash, these lead to an increased number of shares outstanding for the company. That is, each shareholder now holds an additional number of shares of the company.<\/p>\n<p>One of those figures is called retained earnings if in the black or negative retained earnings if in the red. Here, we\u2019ll focus on what negative retained earnings mean and what they indicate for the success of your business. Once the company\u2019s total accumulated profits exceed the prior year\u2019s losses, the retained earnings balance will become positive. Once a positive balance is attained, the company will have accumulated profits to distribute dividends to the shareholders if dividends are so declared and paid. The statement of retained earnings is a financial statement entirely devoted to calculating your retained earnings. Like the retained earnings formula, the statement of retained earnings lists beginning retained earnings, net income or loss, dividends paid, and the final retained earnings. Negative Retained Earnings In this case, the retained earnings account will show a negative number on the balance sheet.<\/p>\n<p>Revenue sits on the top of theincome statementand is sometimes called the top-line number when describing a company&#8217;s financial performance. Since revenue is the whole revenue earned by an organization, it&#8217;s the earnings generatedbeforeoperating bills, and overhead costs are deducted. In some industries, revenue is calledgross salessince the gross determine is earlier than any deductions. In many people&#8217;s minds, &#8220;profit&#8221; is synonymous with &#8220;extra money.&#8221; And certainly, that definition normally applies in private finance.<\/p>\n<p>If you simply sell the company to a person who will maintain the business as a going concern, then nothing happens. Retained earnings is part of the owner&#8217;s equity section of the balance sheet.<\/p>\n<p>Chevron is doing what it needs to do to continue to attract investors while trying to struggle through a downturn in a cyclical business. Remember that one of the ways we can determine the quality of management and their views on shareholder value is to decipher the retained earnings and what management does with them. If the retained earnings are negative, it could drive the shareholders\u2019 equity negative, and this could lead to bankruptcy. Credit PeriodCredit period refers to the duration of time that a seller gives the buyer to pay off the amount of the product that he or she purchased from the seller. It consists of three components &#8211; credit analysis, credit\/sales terms and collection policy. Treasury Stock \u2013 As per its share repurchase plan, Colgate buybacks its share each year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Content Retained Earnings For Npo: Not Cash Example Of Negative Equity In The Real World What Does It Mean For A Company To Have High Or Low Retained Earnings? How Do I Calculate Return On Equity? Some companies use retained earnings to fund operating activities or to help the business get through seasonal fluctuation periods. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[9852],"tags":[],"class_list":["post-33096","post","type-post","status-publish","format-standard","hentry","category-breaking"],"_links":{"self":[{"href":"https:\/\/ozinews.in\/hindi\/wp-json\/wp\/v2\/posts\/33096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ozinews.in\/hindi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ozinews.in\/hindi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ozinews.in\/hindi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ozinews.in\/hindi\/wp-json\/wp\/v2\/comments?post=33096"}],"version-history":[{"count":1,"href":"https:\/\/ozinews.in\/hindi\/wp-json\/wp\/v2\/posts\/33096\/revisions"}],"predecessor-version":[{"id":33097,"href":"https:\/\/ozinews.in\/hindi\/wp-json\/wp\/v2\/posts\/33096\/revisions\/33097"}],"wp:attachment":[{"href":"https:\/\/ozinews.in\/hindi\/wp-json\/wp\/v2\/media?parent=33096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ozinews.in\/hindi\/wp-json\/wp\/v2\/categories?post=33096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ozinews.in\/hindi\/wp-json\/wp\/v2\/tags?post=33096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}