Which financial statement reports a company's retained earnings?

Question

Quizplus · Accepted Answer

The balance sheet reports a company's retained earnings, which is the accumulated profits of the company that have not been paid out as dividends to shareholders. The income statement reports a company's revenues, expenses, and net income or loss for a specific period of time, and the statement of cash flows reports a company's cash inflows and outflows for that same period.

Which Financial Statement Reports a Company's Retained Earnings