The major difference in the Statement of Retained Earnings between a service business and a merchandising business is:
A) that the Retained Earnings statement of a service business includes Dividends.
B) that the Retained Earnings statement of a merchandising business includes Dividends.
C) that the Retained Earnings statement of a merchandising business shows the Cost of Goods Sold.
D) nothing. There are no differences between the two.
Correct Answer:
Verified
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