The following stockholders' equity appeared on a balance sheet at December 31: 
A)Has the company been profitable since its inception? How do you know?
B)What is the meaning of the balance in a retained earnings account? What causes this balance to change from period to period?
C)Can you tell from the balance sheet whether a company paid a dividend during the current period?
D)How many shares of common stock are issued and outstanding and how can these amounts be determined?
Correct Answer:
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