The ending balance of the retained earnings account appears in a.both the statement of stockholders' equity...
The ending balance of the retained earnings account appears in
a.both the statement of stockholders' equity and the balance sheet
b.both the statement of stockholders' equity and the statement of cash flows
c.both the statement of stockholders' equity and the income statement
d.only the statement of stockholders' equity
Homework Answers
Ans;
Retained earnings are the part of profit which remains in company's balance after distribution of profit among stockholders. This balance keeps adding in the value of stockholder's equity. Retained earnings are also shown in the balance sheet after each period end, this shows company's profitability and reinvestment capacity.
So the ending balance of the retained earnings account appears in both the statement of stockholders' equity and the balance sheet.
Correct answer - Option A.
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