Which of the following would be listed in the owners' equity section of a balance sheet?
A) Revenue
B) Expenses
C) Net income
D) Retained earnings

Question

Quizplus · Accepted Answer

Retained earnings represent the portion of a company's net income that is kept or “retained” after dividends are paid out to stockholders. It is a component of owners' equity on the balance sheet. Revenue, expenses, and net income are all components of the income statement and do not belong in the owners' equity section.

Which of the Following Would Be Listed in the Owners