What is the relationship between a company's Profit After Tax (PAT) and its retained earnings? Option: "PAT is added to retained earnings", "PAT is deducted from retained earnings", "PAT is transferred to the general reserve", "PAT has no impact on retained earnings"

What is the relationship between a company's Profit After Tax (PAT) and its retained earnings?

How does the Profit After Tax (PAT) from the Profit & Loss (P&L) statement connect to the balance sheet?

Which financial statement component reflects the accumulated profits of a company after tax?

What does the term "bottom line" typically refer to on a P&L statement?

What happens to a company's retained earnings when it experiences a financial loss?

Which reserve is typically influenced by the company's Profit After Tax (PAT)?