All of the following statements are true regarding retained earnings except
a. the amount of...
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Business, 10.10.2019 23:30 Justadumbemo
All of the following statements are true regarding retained earnings except
a. the amount of dividends is added to net loss to arrive at the retained earnings ending balance.
b. the retained earnings beginning balance is usually the retained earnings ending balance from the previous period.
c. the first item normally presented on the statement of stockholders' equity is the balance of retained earnings at the end of the period.
d. the amount of dividends is deducted from net income to arrive at the retained earnings ending balance.
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