The retained earnings statement shows

Question

Quizplus · Accepted Answer

The retained earnings statement shows the changes in the amount of retained earnings for the period, which is affected by net income as well as any dividends paid out. It includes beginning and ending balances for retained earnings. Therefore, option A is the correct choice. Option B is incorrect because it includes total assets which are not relevant to the retained earnings statement. Option C is also incorrect as it only shows net income and not dividends or beginning balance. Option D is incorrect as it is too general and includes all stockholders' equity accounts, not just retained earnings.

The Retained Earnings Statement Shows