The Financial Statement That Summarizes the Changes in Retained Earnings

question 69

True/False

The financial statement that summarizes the changes in retained earnings is called the balance sheet.

---

Definitions:

Holding Onto Objects

The act or behavior of physically grasping or retaining objects for a period of time, often for support, security, or comfort.

Responds by Looking

A behavior indicating attention or acknowledgement, often used to describe non-verbal communication where a person looks towards a stimulus in response.

Smiling

An expression of happiness, friendliness, or amusement, characterized by the upward curving of the corners of the mouth.

Dislocation of Joints

An injury where two bones slip out of their normal position in a joint, causing pain and loss of movement.