QUESTION $3$

Which of the following is false about Retained Eamings?

retained earmings is affected by the declaration of divideads, net income for the period and prior period adju

retaibed earnings may have a positive or begative effect on total equity

Iretained earmings nay be increased or decreased by other comprebensive income $$ retained eamings represents the earnings of the entity since its inception, minus dividends deciare