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The purpose of a statement of retained earnings is to: estimate the current value of a company's assets. show where the cash is flowing into
The purpose of a statement of retained earnings is to:
estimate the current value of a company's assets.
show where the cash is flowing into and out of a company.
report the way that net income and dividends affected the financial position of the company during the period.
report the specific revenues and expenses arising during the period.
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