Retained earnings appear on which of the following financial statements?
A) statement of retained earnings and cash flow statement, but not the income statement or balance sheet
B) statement of retained earnings, cash flow statement, and income statement, but not the balance sheet
C) statement of retained earnings, cash flow statement, and balance sheet, but not the income statement
D) statement of retained earnings and balance sheet, but not the income statement or cash flow statement

Question

Quizplus · Accepted Answer

Retained earnings are part of the equity section of the balance sheet, and are also reported on the statement of retained earnings. They are not directly reported on the income statement or cash flow statement.

Retained Earnings Appear on Which of the Following Financial Statements