9. Which of the following would not appear on the retained earnings statement? a. Net Income b. Dividends C Service revenue d. Beginning retained earning balance 10. Which one of the following is not the correct date format for the respective financial statement? a. A balance sheet as of May 31, 20XX b. A statement of retained earnings as of May 31, 20XX c. An income statement for the month ended May 31, 20XX d. A statement of cash flows for the month ended May 31, 20xx 11. The ending retained earnings balance appears on: a. The income statement and the retained earnings statement b. The balance sheet only c. Both the retained earnings statement and the balance sheet d. The retained earnings statement only 12. A financial statement that reports accounting data at a specific date is the a balance sheet. b. retained earnings statement. cincome statement d. statement of cash flows 13. Which one of the following statements is true concerning the interrelationships of financial statements? a Net income on the income statement equals the cash balance at the end of the period on the balance sheet b. The ending balance of retained earnings on the statement of retained earnings is equal to net income on the income statement. c. The amount of net income on the income statement is added to the beginning retained earnings balance on the statement of retained earnings. d. The amount of cash used during the period on the statement of cash flows is equal to total expenses on the income statement. Financial Statements: Formulas and Calculations 14. The Retained Earnings account had a beginning balance of $60,000 and an ending balance of $70,000. 16 $20,000 of dividends were declared and paid during the period, net income must have been: a. $20,000 b. $30,000 C. $10,000. d. $50,000 15. Saira's Maid Service began the year with total assets of $120,000 and stockholders' equity of $40,000 During the year the company earned $90,000 in net income and paid $20,000 in dividends. Total assets at the end of the year were $215,000. Total liabilities at the end of the year were: a. $110,000 b. $105,000 0 $80,000 d. $90,000 2n