The Statement of Retained Earnings reports a company's net income or net loss for a period of time.Where does the dollar amount of net income or net loss come from?

Question

Quizplus · Accepted Answer

The dollar amount of net income or net loss comes from the Income Statement, which reports the company's revenues and expenses for a period of time to determine the net income or net loss.

The Statement of Retained Earnings Reports a Company's Net Income