The _____ of a company is a simple statement that shows how the accumulated revenues that have been reinvested in the company have changed from one accounting period to the next.
A. profit and loss statement
B. pro forma statement
C. statement of operations
D. statement of retained earnings
Answer: D
You might also like to view...
If accounts payable receives an invoice directly from the supplier it needs to be reconciled with the purchase order and receiving report
Indicate whether the statement is true or false
A commitment statement should have a(n)
A. indefinite statement of consequences. B. low degree of finality. C. high degree of specificity. D. high degree of emotionality.
The standardization of parts was encouraged by ______.
A. Eli Whitney B. Frederick Taylor C. Adam Smith D. Henry Ford
Which of the following holds true for a general partnership where there is no partnership agreement varying the usual provisions of partnership law?
A) Partners divide profits equally. B) Partners divide profits in proportion to the work they do. C) Partners divide profits in proportion to the capital they contribute. D) Partners enjoy limited liability for the partnership's debts.