Question

The financial statement that shows the beginning balance of retained earnings; the changes in retained earnings that resulted from, net income (or net loss); dividends; and the ending balance, is the:_____

a. Balance sheet.
b. Statement of cash flows.
c. Statement of financial position.
d. Income statement.

e. Statement of retained earnings.

Answer 1

Answer:

e. Statement of retained earnings.

Explanation:

Statement of retained earnings -

It refers to the financial statement , that defines the alterations in the retained earning , for a particular time period , is referred to as the Statement of retained earnings .

The statement mention  the beginning and the ending retained earnings in the given time frame , which helps to calculates the corporate profit .

Hence , from the given information of the question,

The correct option is e. Statement of retained earnings .