The balance in the retained earnings account on the work sheet will equal the amount presented in the balance sheet.

Name: The balance in the retained earnings account on the work sheet will equal the amount presented in the balance sheet.
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The balance in the retained earnings account on the worksheet may not equal the amount on the balance sheet because it doesn't account for the closing entries, such as net income or dividends, which are adjusted at the end of the accounting period.

The Balance in the Retained Earnings Account on the Work