Homework Answers
The ending retained earnings amount is shown on the balance sheet and the retained earnings statement.
First option is correct option.
In the retained earnings statement, final figure obtained is the ending balance of retained earnings. This ending balance of retained earnings is shown on the balance sheet under stockholders equity section. Ending retained earnings balance is added to paid in capital to final out total stockholders equity in the balance sheet.
Ending retained earnings balance is calculated as under:
Ending retained earnings = Beginning retained earnings + Net income - Dividends
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