Which of the following will be disclosed in the reconciliation of retained earnings?
A)Adjustment for an error of a prior period
B)Net income
C)Net loss
D)Dividends
E)All of the answers are correct.

Question

Quizplus · Accepted Answer

The reconciliation of retained earnings discloses all of the listed items: adjustment for an error of a prior period, net income, net loss, and dividends. Therefore, choice E (All of the answers are correct) is the best answer.

Which of the Following Will Be Disclosed in the Reconciliation