Each Item in the Statement of Retained Earnings Can Appear

question 175

Essay

Each item in the statement of retained earnings can appear on another financial statement.Choose the appropriate letter to match the item in the statement of retained earnings with the related financial statement.
ITEM ON STATEMENT OF RETAINED EARNINGS
1.____ Retained earnings,January 1,Year 3
2.____ Net income for Year 3
3.____ Dividends for Year 3
4.____ Retained earnings,December 31,Year 3
FINANCIAL STATEMENT
A.Balance sheet at end of Year 3
B.Statement of cash flows for Year 3
C.Income statement for Year 2
D.Balance sheet at end of Year 2
E.Income statement for Year 3

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Definitions:

Mental Structures

Mental structures are the organized patterns of thought or cognition that individuals use to perceive, interpret, and understand their environment.

Accommodation

In psychology, the process of modifying existing cognitive schemas, perceptions, and understandings to integrate new information.

Analytic Approach

A technique for solving issues by dividing a complicated subject or material into more manageable pieces, facilitating a deeper comprehension of it.

Information Processing

a cognitive approach that likens the mind to a computer, focusing on how information is input, stored, and retrieved.