The statement of retained earnings:

Reports on amounts for assets, liabilities, and equity at a point in time.

Reports on cash flows for operating, financing, and investing activities over a period of time.

Reports changes in equity due to stockholder investments.

Reports on cash flows for operating, financing, and investing activities at a point in time.

Reports changes in equity due to net income, net losses and dividends.

$19$

$2\mathrm{.}5$ points

An expense account normally has a debit balance.

False

True

$20$

$2\mathrm{.}5$ points

Which of the following accounts would be included in a post$-$closing trial balance?

Salaries Expense.

Consulting Fees Earned.

Depreciation Expense$-$Equipment.

Unearned Revenues.

Dividends.