Statement of Retained Earnings : It is the part of financial statement of the company that contains information related to retained earnings. Retained earnings are the amount that a company keeps aside for internal usage of the company. This amount is not paid in the form of dividends to the shareholders and kept by the company aside, to pay debts or further investment. To prepare: The statement of retained earnings of K Company.

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Chapter 1, Problem 5PSA

To determine

Statement of Retained Earnings:

It is the part of financial statement of the company that contains information related to retained earnings. Retained earnings are the amount that a company keeps aside for internal usage of the company. This amount is not paid in the form of dividends to the shareholders and kept by the company aside, to pay debts or further investment.

To prepare: The statement of retained earnings of K Company.

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