Which of the following financial statements shows how net income (loss)and dividends impacted a stockholders' equity account?

Question

Quizplus · Accepted Answer

The statement of retained earnings shows the beginning balance of retained earnings, increases/decreases due to net income (loss), dividends paid to stockholders, and any other adjustments. Therefore, it reflects how net income (loss) and dividends impacted a stockholders' equity account.

Which of the Following Financial Statements Shows How Net Income