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QUESTION $7$

Which of the following information and accounts does the statement of retained earnings typically list?

Assets, liabilities, and stockholders' equity.

Revenues, expenses, and net income or net loss.

Cash flows from operating, investing, and financing activities.

Beginning and ending balances of the retained earnings account, net income, and dividends.

QUESTION $8$

Which of the following information and accounts does the balance sheet typically list?

Assets, liabilities, and stockholders' equity.

Revenues, expenses, and net income or net loss.

Cash flows from operating, investing, and financing activities.

Long$-$term investments, property, plant, and equipment.