All necessary amounts to prepare the balance sheet,including ending ending retained earnings,can be found in the Balance Sheet columns of the work sheet.

Question

Quizplus · Accepted Answer

The balance sheet columns of the work sheet provide information for preparing the balance sheet, but the ending retained earnings amount is determined by updating the beginning retained earnings with the net income (or loss) and dividends from the income statement, which are not directly shown in the balance sheet columns.

All Necessary Amounts to Prepare the Balance Sheet,including Ending Ending