Retained Earnings at the end of a period:
A) Is equal to the balance in the Retained Earnings account in the adjusted trial balance at the end of a period.
B) Is determined in the statement of Retained Earnings.
C) Is equal to Retained Earnings at the beginning of the period, minus net income (or plus net loss) for the period.
D) Appears in the income statement for the period.

Question

Quizplus · Accepted Answer

Retained Earnings at the end of a period is determined in the statement of Retained Earnings, which adjusts the beginning balance for net income or loss and dividends.

Retained Earnings at the End of a Period