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Each Item in the Statement of Retained Earnings Can Appear

Question 228

Matching

Each item in the statement of retained earnings can appear on another financial statement.Choose the appropriate letter to match the item in the statement of retained earnings with the related financial statement.

Premises:
________ Retained earnings,December 31,Year 3
________ Net income for Year 3
________ Retained earnings,January 1,Year 3
________ Dividends for Year 3
Responses:
Balance Sheet at end of Year 2
Income Statement for Year 3
Income Statement for Year 2
Balance Sheet at end of Year 3
Statement of Cash Flows for Year 3

Correct Answer:

Balance Sheet at end of Year 2
Income Statement for Year 3
Income Statement for Year 2
Balance Sheet at end of Year 3
Statement of Cash Flows for Year 3
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