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

Question

Quizplus · Accepted Answer

The statement of retained earnings shows how the accumulated profits that have been reinvested in the company have changed over a period, reflecting changes in retained earnings from one accounting period to the next.

The _____ of a Company Is a Simple Statement That