The Statement of Retained Earnings

question 111

Multiple Choice

The statement of retained earnings

• A) reports the amount of dividends declared.
• B) reports the amount of dividends paid.
• C) reports the date dividends were declared.
• D) does not report dividends.

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Definitions:

Date/Time Field

A specific type of data field used in databases and forms designed to store dates and times in a consistent format.

Number Field

A data field specifically designed to store numeric information.

Descending

In sorting, arranging items from the highest value to the lowest value.

Ascending

A sorting order that arranges data from lowest to highest or alphabetically from A to Z.