Retained earnings represents past net incomes less past dividends, therefore any balance in this account would be listed on the income statement.

Name: Retained earnings represents past net incomes less past dividends, therefore any balance in this account would be listed on the income statement.
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Question

Quizplus · Accepted Answer

Retained earnings is a balance sheet account that represents a company's accumulated earnings that have not been distributed as dividends. It is not listed on the income statement.

Retained Earnings Represents Past Net Incomes Less Past Dividends, Therefore