The Statement of Retained Earnings

question 188

Multiple Choice

The statement of retained earnings:

• A)Reports how retained earnings changes at a point in time.
• B)Reports how retained earnings changes over a period of time.
• C)Reports on cash flows for operating, financing, and investing activities over a period of time.
• D)Reports on cash flows for operating, financing, and investing activities at a point in time.
• E)Reports on amounts for assets, liabilities, and equity at a point in time.

---

Definitions:

Social Stratification

The emergence of social classes, a series of ranked social categories according to characteristics such as wealth, occupation, or kin group.

Bugis

An ethnic group from the island of Sulawesi in Indonesia, known for their maritime culture and significant historical role in trade within Southeast Asia.

Sulawesi

An Indonesian island known for its varied geography, diverse cultures, and unique wildlife.

Ramadan

The ninth month of the Islamic calendar, observed by Muslims worldwide as a month of fasting, prayer, reflection, and community.