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100.The retained earnings statement shows all of the following excepta.the amounts of changes in retained earnings during the period.b.the causes of changes in retained earnings during the period.c.the time period following the one shown for the income statement.d.beginning retained earnings on the first line of the statement. Ans: C, LO: 4, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory Perspective, AICPA FN: Reporting, AICPA PC: None, IMA:Reporting101.Ending retained earnings for a period is equal to beginning102.Which of the following statements is true?103.Dividends are reported on the
104.Dividends paida.increase assets.b.increase expenses.c.decrease revenues.d.decrease retained earnings. Ans: D, LO: 4, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory Perspective, AICPA FN: Reporting, AICPA PC: None, IMA:Business Economics105.The financial statement that summarizes the changes in retained earnings for a specific period of time is the 106.To show how successfully your business performed during a period of time, you wouldreport its revenues and expenses in the