When preparing the retained earnings statement, the beginning retained earnings balance can always be found
A) in the Income Statement columns of the work sheet
B) in the statement of cash flows
C) in the general ledger
D) in the Adjustments columns of the work sheet

Question

Quizplus · Accepted Answer

The beginning retained earnings balance is carried over from the previous period's balance sheet and can be found in the general ledger.

When Preparing the Retained Earnings Statement, the Beginning Retained Earnings