The statement of retained earnings: a. Includes prior period adjustments, cash dividends, and stock dividends. b. Indicates
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The statement of retained earnings:
a. Includes prior period adjustments, cash dividends, and stock dividends.
b. Indicates the amount of cash available for the payment of dividends.
c. Need not be prepared if a separate statement of stockholders' equity accompanies the financial statements.
d. Shows revenue, expenses, and dividends for the accounting period.
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Related Book For
Financial Accounting
ISBN: 9780077328702
15th Edition
Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello
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