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The Financial Statement That Shows the Beginning Balance of Retained

Question 93

Multiple Choice

The financial statement that shows the beginning balance of retained earnings; the changes in equity that resulted from net income (or net loss) ; dividends; and the ending retained earnings balance,is the:


A) Statement of financial position.
B) Statement of cash flows.
C) Balance sheet.
D) Income statement.
E) Statement of retained earnings.

Correct Answer:

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