Answer
Major items reported under the retained earnings statement include:
1. The loss or income for the accounting period.
2. Any adjustments of the beginning balance on correction of accounting errors or variations in accounting principle.
3. Appropriations of retained earnings.
4. Dividends for the accounting period.
Work Step by Step
It is also critical to note that the retained earnings statement is composed of two different parts, which are appropriated and unappropriated.
