The Financial Statement That Shows the Beginning Balance of Retained

question 93

Multiple Choice

The financial statement that shows the beginning balance of retained earnings; the changes in equity that resulted from net income (or net loss) ; dividends; and the ending retained earnings balance,is the:

• A)Statement of financial position.
• B)Statement of cash flows.
• C)Balance sheet.
• D)Income statement.
• E)Statement of retained earnings.