The first item appearing on the statement of retained earnings is
A)the ending balance of retained earnings
B)the beginning balance of retained earnings
C)owner withdrawals
D)net income
The first item appearing on the statement of retained earnings is
A)the ending balance of retained earnings
B)the beginning balance of retained earnings
C)owner withdrawals
D)net income
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Related questions
The five products of financial accounting and the result of theeighth step of the accounting process are:
| a.) | Income Statement, Business Progress Statement, Balance Sheet,Statement of Cash Flows, Asset and Liability Statement | |
| b.) | Income Statement, Notes to the Income Statement, Statement ofRetained Earnings, Notes to the Retained Earnings Statement,Balance Sheet. | |
| c.) | Income Statement, Statement of Retained Earnings, Balance Sheet,Statement of Cash Flows, Statement of Stockholders Equity | |
| d.) | Income Statement, Statement of Retained Earnings, Balance Sheet,Statement of Cash Flows, Notes to the Financials |
