The Financial Statement That Shows the Beginning Balance of Retained

question 183

Multiple Choice

The financial statement that shows the beginning balance of retained earnings; the changes in retained earnings that resulted from net income (or net loss) ; dividends; and the ending balance, is the:

• A)Statement of financial position.
• B)Statement of cash flows.
• C)Balance sheet.
• D)Income statement.
• E)Statement of retained earnings.

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