Multiple Choice
Retained earnings at the end of the period is equal to:
A) assets plus liabilities.
B) profit earned for the period plus retained earnings at the start of the period.
C) retained earnings at the beginning of the period plus profit earned for the period minus dividends.
D) retained earnings at the beginning of the period plus profit earned for the period minus liabilities.
Correct Answer:
Verified
Correct Answer:
Verified
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