The Ending Retained Earnings Balance Is Reported on Both the Retained

question 25

True/False

The ending retained earnings balance is reported on both the retained earnings statement and the statement of financial position.

---

Definitions:

Serotonin

A neurotransmitter involved in many functions including mood regulation, appetite, and sleep.

Illicit Drug

A substance whose production, sale, or use is prohibited by law.

Marijuana

Marijuana, also known as cannabis, is a psychoactive drug from the Cannabis plant used for medical or recreational purposes.

Amphetamines

A class of stimulant drugs that affect the central nervous system, commonly used to treat ADHD and narcolepsy, but also prone to abuse.