After preparing the Statement of Retained Earnings,the next statement to prepare is the:
A)Income Statement.
B)Statement of Dividends and Distributions.
C)Statement of Cash Flows.
D)Balance Sheet.

Question

Quizplus · Accepted Answer

The Balance Sheet is typically prepared after the Statement of Retained Earnings, as it incorporates the ending retained earnings balance into the equity section.

After Preparing the Statement of Retained Earnings,the Next Statement to Prepare