Retained Earnings and Other Comprehensive income
Ownership interest in a corporation may be defined as the residual interest in the company is assets after the liabilities have been deducted.The amounts reported in stockholders equity as retained earnings and accumulated other comprehensive income are associated with the measurement methods used to record specific assets and liabilities. Howerver, these amounts should not be confused with any attempt to measure the owners current-value interest in the firm.Consequently, the measurement of retained earnings and accumulated other comprehensive income is dependent on the measurement of revenues and cost expirations over the life of the firm.