The ending balance in Retained Earnings is found on:

Question

Quizplus · Accepted Answer

The ending balance in Retained Earnings is reported on both the statement of retained earnings and the balance sheet. The statement of retained earnings shows how the balance in Retained Earnings changed during the period, while the balance sheet reports the current balance in Retained Earnings as of the end of the period. The income statement does not have a direct impact on the balance in Retained Earnings, so the ending balance would not be reported on the income statement alone.

The Ending Balance in Retained Earnings Is Found On