Retained earnings appears on:
A)The income statement.
B)The balance sheet.
C)The statement of cash flows.
D)All three of the financial statements.

Question

Quizplus · Accepted Answer

Retained earnings is a part of the equity section of the balance sheet, representing the portion of net income that a company has kept for reinvestment or other purposes, rather than paying out as dividends. It is not a part of the income statement or the statement of cash flows.

Retained Earnings Appears On