Which of the following amounts appears on both the statement of retained earnings and the balance sheet?

Question

Quizplus · Accepted Answer

Ending retained earnings are reported on both the statement of retained earnings and the balance sheet as part of the stockholders' equity section. Total assets, total revenues, and net income are not reported on the statement of retained earnings. Total assets are reported on the balance sheet, while total revenues and net income are reported on the income statement.

Which of the Following Amounts Appears on Both the Statement