Question

which of the following amounts appears on both the income statement and statement of retained earnings?...

which of the following amounts appears on both the income statement and statement of retained earnings?

1. ending stockholders' equity

2. dividends

3. total revenues

4. net income

Homework Answers

Answer #1

Ending stock holder equity is balance sheet part

Dividend - it will be paid from the earning per share / net income , So it neither appear in income statement nor in retained earning. Retained earning is net income less dividend paid

Total revenue is part of income statement but not part of balance sheet

net income is part of income statement it is total revenue less total expenditure and after that all net income transferred to retained earning account if no dividend paid out of net income.

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