Ask Question
21 April, 13:23

What line item flows from the statement of retained earnings to the balance sheet?

+5
Answers (1)
  1. 21 April, 17:16
    0
    Retained Earnings

    Explanation:

    The statement of retained earnings is prepared after preparing the income statement but before preparing the balance sheet. The reason behind this is that the statement of retained earnings is used to calculate the amount of retained earnings at the end of the period to be shown in the balance sheet.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What line item flows from the statement of retained earnings to the balance sheet? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers