Different Types of Blood Cells and Their Roles in the Human Body. Different Types of Blood Cells and Their Roles in the Human Body Blood is a mixture of two things: cells and plasma. The heart pumps blood through the arteries, capillaries and veins to provide oxygen and nutrients to every cell of the body. The blood also carries away waste products.
Anything that affects net income, also affects the statement of retained earnings. Some transactions that affect net income include those that increase or decrease in revenue, cost of goods sold and expenses.
Should a net loss be greater than beginning retained earnings, the retained earnings can become negative, creating a deficit. The retained earnings general ledger account is adjusted every time a journal entry is made to a revenue or expense account. Retained Earnings Retained earnings are reported at the end of an accounting period as the accumulated amount of a company's prior earnings, net of dividends.