Each Item in the Statement of Retained Earnings Can Appear

question 50

Short Answer

Each item in the statement of retained earnings can appear on another financial statement.Match the letter of the financial statement with the item in the statement of retained earnings.
A.Balance sheet at end of 2011
B.Statement of cash flows for 2011
C.Income statement for 2010
D.Balance sheet at end of 2010
E.Income statement for 2011
____ Retained earnings,January 1,2011
____ Net income for 2011
____ Dividends for 2011
____ Retained earnings,December 31,2011

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Definitions:

Reasonable Risk

Reasonable risk involves a risk level that a prudent person would consider acceptable in order to achieve a specific benefit or goal.

Battery

In legal terms, an intentional unconsented-to physical contact or harm caused by one person to another.

Assault

An act creating a fear in another person of imminent harmful or offensive contact.

Intrusion

Unauthorized or unwanted entry into another person’s space, privacy, or affairs.