The Retained Earnings Section of the Statement of Financial Position

question 249

Multiple Choice

The retained earnings section of the statement of financial position is determined by

• A) assets,liabilities and share capital.
• B) revenues, expenses and share capital.
• C) share capital, dividends and residual equity.
• D) revenues, expenses and dividends.

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Definitions:

Interval Data

A type of numerical data where the order and the exact differences between the values matter, but there is no true zero point.

Classes

Groupings or categories into which data or objects are organized based on common characteristics or attributes.

Histogram

A graphical representation of data using bars of different heights to show the distribution of values in a dataset.

Intervals

A range between two numbers or points on a line, often used in mathematics and statistics to denote a span of values.