Which is a summary of the accumulated amount of profits generated over the life of the business

Question:

Which is a summary of the accumulated amount of profits generated over the life of the business that have not been distributed as dividends?

a. Statement of retained earnings

b. Condensed income statement

c. Consolidated income statement

d. Statement of owners’ equity

Consolidated Income Statement
When talking about the group financial statements the consolidated financial statements include Consolidated Income Statement that a parent must prepare among other sets of consolidated financial statements. Consolidated Income statement that is...