Which of the Following Financial Statements Reports a Company's Retained

question 112

Multiple Choice

Which of the following financial statements reports a company's retained earnings?

• A)Income statement.
• B)Balance sheet.
• C)Statement of cash flows.

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Definitions:

Percentage Change

A mathematical calculation that shows how much something changes in value as a proportion of its initial value.

International Trade

The exchange of goods and services between countries, allowing for specialization and economies of scale.

Specialization

In economics, it refers to the process by which individuals, businesses, or countries focus on producing a narrow range of goods or services to gain greater efficiencies and improve competitive advantage.

Self-Sufficiency

The condition of being able to satisfy all of one's needs without external assistance.