Which of the following financial statements reports a company's retained earnings?
A)Income statement.
B)Balance sheet.
C)Statement of cash flows.

Question

Quizplus · Accepted Answer

The balance sheet reports a company's retained earnings because it shows the amount of profits that have been kept by the company rather than paid out as dividends to shareholders. The income statement reports a company's revenue and expenses, while the statement of cash flows shows how the company's cash has been used or generated during a given period.

Which of the Following Financial Statements Reports a Company's Retained