Asked by Stephan Polit on Jun 22, 2024
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The financial statement that shows the changes in equity that resulted from net income (or net loss) ; and dividends to stockholders is the:
A) Statement of financial position.
B) Statement of cash flows.
C) Balance sheet.
D) Income statement.
E) Statement of retained earnings.
Statement of Retained Earnings
A financial statement that outlines the changes in retained earnings for a specified period.
Net Income
The total earnings of a company after subtracting all expenses from revenue, indicating the company's profit.
Dividends
Dividends are a portion of a company's earnings that are distributed to shareholders as a reward for their investment in the company.
- Pinpoint the variables that influence equity, including investments from stockholders, net income, and distributions of dividends.
Verified Answer
Learning Objectives
- Pinpoint the variables that influence equity, including investments from stockholders, net income, and distributions of dividends.
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