Retained Earnings at the End of a Period

question 51

Multiple Choice

Retained Earnings at the end of a period:

• A)Is equal to the balance in the Retained Earnings account in the adjusted trial balance at the end of a period.
• B)Is determined in the Statement of Retained Earnings.
• C)Is equal to Retained Earnings at the beginning of the period,minus net income (or plus net loss)for the period.
• D)Appears in the Income Statement for the period.

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