The Statement of Retained Earnings

Multiple Choice

The statement of retained earnings:

A) Reports how retained earnings changes at a point in time.
B) Reports how retained earnings changes over a period of time.
C) Reports on cash flows for operating, financing, and investing activities over a period of time.
D) Reports on cash flows for operating, financing, and investing activities at a point in time.
E) Reports on amounts for assets, liabilities, and equity at a point in time.