This statement presents the changes in the retained earnings over an accounting period. The statement uses information from income statement and provides it to the statement of financial position as an input. This statement may be a part of owner’s equity in the balance sheet or it may be presented as a separate statement or as a part of income statement that derives total comprehensi... https://www.expertsmind.com/accounting-assignment-help/retained-earning-statements-homework-assignment-help.aspx