Frank and Justin,
The wikipedia article doesn't explain it very well. Here's a better one:
https://www.investopedia.com/ask/answers/070615/what-difference-between-earnings-and-income.asp.
"Net Income" is for this period, "Retained Earnings" is for the life of the
entity. (Though note that under
John,
the issue is not about reports or accounts, but the term "retained
earnings". While for the "normal" private user (and our original
programmers) it may be seen as synonym for "net income", for business
users it is more specific: The amount of the net income, which is for
several reasons (jur
