Which financial statement would you typically find retained earnings reported on?

Retained earnings are typically reported on the statement of changes in equity. This financial statement provides a detailed breakdown of how equity has changed during a specific period, including movements related to retained earnings. It shows the profit or loss for the period, dividends declared, and any other adjustments to equity accounts, thereby reflecting changes in retained earnings over time.

While retained earnings can also be found on the balance sheet, the statement of changes in equity specifically details the changes that have occurred during the reporting period, which is why it is the primary source for understanding retained earnings. The balance sheet presents a snapshot of a company's financial position at a specific point in time, which includes retained earnings under the equity section, but it does not provide the detailed movements that the statement of changes in equity does. The income statement captures revenues and expenses to calculate profit or loss but does not include retained earnings. The cash flow statement reflects cash movements and does not directly report on retained earnings either. Thus, the statement of changes in equity is the most appropriate choice for finding detailed information on retained earnings.