The correct answer is the statement of retained earnings.
What is the statement of retained earnings?
- The retained earnings statement (statement of retained earnings) is a financial statement that describes changes in a company's retained earnings over a period of time.
- This statement reconciles the beginning and end of retained earnings for a given period using information such as net income from other financial statements and is used by analysts to understand how a company's earnings are being used.
- A statement of retained earnings is also known as a statement of equity, statement of equity, or statement of equity. Sample retained earnings statements are available online.
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