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I need help in solving these. Thank you 36) The beginning retained earnings balance is found on the: A) statement of retained earnings. B) balance
I need help in solving these. Thank you
36) The beginning retained earnings balance is found on the: A) statement of retained earnings. B) balance sheet C) income statement D) both the statement of retained earnings and the balance sheet. 37) Which of the following statements regarding a trial balance is TRUE? A) A trial balance may be prepared at any time during the accounting period. B) A trial balance is a list of all accounts used in a business with their balances. C) A trial balance shows whether total debits equal total credits. D) All of the above are true. 38) The CORRECT data flow from one financial statement to the next is: A) statement of retained earnings, income statement, balance sheet, statement of cash flows. B) balance sheet, statement of retained earnings, income statement, statement of cash flows. C) statement of retained earnings, income statement, statement of cash flows, balance sheet. D) income statement, statement of retained earnings, balance sheet, statement of cash flowsStep by Step Solution
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