2024 CPA FAR (Financial Accounting) Exam-Retained Earnings Statement-By Darius Clark-i75 CPA Review

Retained Earnings is an essential part of a company's financial statements, acting as a link between the Income Statement and the Balance Sheet. For publicly traded companies, presenting a Statement of Retained Earnings, is a regulatory requirement. The statement of Retained Earnings consists of beginning retained earnings (including changes for any prior period adjustments, net of tax) net income (loss) and reduced for dividends.

[@flyerthanapigeon]

A. Thank you for the helpful video.

[@hafizurgazi915]

B/S (A) option is correct.

[@angelchristinem]

It goes to the balance sheet.

[@Spenceyawnti]

Thanks for the information ❤

[@SusanWhitfield-v6j]

Balance Sheet

[@Theresa9311]

A It appears on the BS in the Equity section.