For corporations, the statement of retained earnings is called the statement of partners' equity.

Name: For corporations, the statement of retained earnings is called the statement of partners' equity.
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The statement of retained earnings is specific to corporations and reflects the changes in retained earnings over a period. The statement of partners' equity, on the other hand, is used in partnerships to show changes in each partner's equity account.

For Corporations, the Statement of Retained Earnings Is Called the Statement