The statement of retained earnings reports all of the following EXCEPT
A) net profits after taxes.
B) interest.
C) common stock dividends.
D) preferred stock dividends.

Question

Quizplus · Accepted Answer

The statement of retained earnings reports net profits after taxes, any dividends paid to both common and preferred stockholders, and any changes in retained earnings from the previous period. However, it does not report interest, as that is typically included on the income statement.

The Statement of Retained Earnings Reports All of the Following