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  3. Study Set
    Financial Accounting Study Set 5
  4. Exam
    Exam 1: Uses of Accounting Information and the Financial Statements
  5. Question
    The Statement of Retained Earnings Relates the Income Statement to the Balance
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The Statement of Retained Earnings Relates the Income Statement to the Balance

Question 15

Question 15

True/False

The statement of retained earnings relates the income statement to the balance sheet by showing how the Retained Earnings account changed during the accounting period.

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