Asked by
Mazee Ndeta
on Nov 18, 2024Verified
The retained earnings statement may be combined with the income statement.
Retained Earnings Statement
A summary of the changes in the retained earnings in a corporation that have occurred during a specific period of time, such as a month or a year.
Income Statement
A financial report summarizing a company's revenues, expenses, and profit over a specific period, giving insight into its operational profitability.
- Evaluate the impact of the size of retained earnings on the distribution of dividends.
Verified Answer
1P
Learning Objectives
- Evaluate the impact of the size of retained earnings on the distribution of dividends.