[Foundation-l] Mid-year Financial Statement, follow-up questions/answers

[Anthony]

On Thu, Mar 6, 2008 at 10:26 PM, Jay Walsh <jwalsh at wikimedia.org> wrote:
>  Several weeks ago we posted our first mid-year financial statements on
>  the Foundation wiki.  A few questions have come in, on-list since then.
>   One referred to depreciation of furniture/equipment and the other to
>  the 'employee receivables' line.
>
My biggest question at this point is why doesn't the "retained
earnings" account match the prior year's "net assets"?