Which of the following statements shows the portion of the firm's earnings that has been saved rather than paid out as dividends?
A)balance sheet
B)income statement
C)statement of retained earnings
D)statement of cash flows
E)proxy statement

Question

Quizplus · Accepted Answer

The statement of retained earnings shows how much of the firm's earnings have been retained and added to the retained earnings account, rather than paid out as dividends.

Which of the Following Statements Shows the Portion of the Firm's