The Ending Balance in Retained Earnings Appears on The

question 95

Multiple Choice

The ending balance in Retained Earnings appears on the:

• A)Balance Sheet only.
• B)Balance Sheet and Statement of Retained Earnings.
• C)Statement of Retained Earnings only.
• D)Income Statement and Statement of Cash Flows.

---

Definitions:

Demand Schedule

A diagram indicating the volume of a good or service buyers intend and can afford to buy across a range of prices.

Demand Increased

A situation where consumers are willing and able to purchase more of a good or service at any given price level, often leading to higher prices.

Demand Decreased

A situation where the desire or need for a certain product or service declines, leading to a decrease in its quantity demanded at a given price.

Quantity Supplied

The total amount of a specific good or service that producers are willing and able to sell at a given price within a specified period.