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.
ITEM ON STATEMENT OF RETAINED EARNINGS
1.____ Retained earnings,January 1,Year 3
2.____ Net income for Year 3
3.____ Dividends for Year 3
4.____ Retained earnings,December 31,Year 3
FINANCIAL STATEMENT
A.Balance sheet at end of Year 3
B.Statement of cash flows for Year 3
C.Income statement for Year 2
D.Balance sheet at end of Year 2
E.Income statement for Year 3
Correct Answer:
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