Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 4 - Income Statement and Related Information - Review and Practice - Questions - Page 181: 32


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.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.