Question

the ending balance of the retained earnings account appears in group of answer choices only the statement of stockholders’ equity both the statement of stockholders’ equity and the income statement both the statement of stockholders’ equity and the statement of cash flows both the statement of stockholders’ equity and the balance sheet

Answer 1

The ending balance of the retained earnings account appears both in the statement of stockholders’ equity and the balance sheet.

Where does retained earnings appear?

Retained earnings is the profit left after dividends have been paid. It is the profit that is not paid out to shareholders as dividends.

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a point in time. The retained earnings appears in the equity section of the balance sheet.

The statement of stockholders’ equity records the owners equity and changes to the owners equity during a financial year.

The income statement records a company's income and expenses in a financial year. It is used for determining if a firm is operating at a profit or a loss.

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