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elixir [45]
1 year ago
6

The financial statement that reports the changes in the retained earnings and common stock for a period of time is known as the.

Business
1 answer:
Tamiku [17]1 year ago
8 0

The statement of owner's equity—also called the statement of retained earnings—shows the change in retained earnings between the start and end of a period (e.g., a month or a year). The record reflects a company's solvency and financial position.

<h3>What are the three financial statements?</h3>

The earnings report , record , and statement of money flows are required financial statements. These three statements are informative tools that traders can use to research a company's financial strength and provide a quick picture of a company's financial health and underlying value.

What is the statement of retained earnings ?

Reports the way that net and the distribution of dividends affected the financial position of the company during the accounting period. the sum of the share of net income which is not paid to the shareholder as dividend. the aim of the retained earnings is reinvestment

Learn more about financial statement:

brainly.com/question/26240841

#SPJ4

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The minimum salary for a running back is $1.35 million per year. One of the Whalers' running backs was hurt during the last game
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The city of Animaltown plans to build a new bridge across the river separating the two halves of the city for use by its residen
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If houston company billed a client for $18,000 of consulting work completed , the accounts receivable asset increases by $18,000
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3 years ago
Rory Company has a machine with a book value of $75,000 and a remaining five-year useful life. A new machine is available at a c
Alborosie

Answer: $7,500

Explanation:

In calculating the Incremental income we will add the amount of variable Manufacturing costs Rory Company will save as well as the income they will get from selling the old machine and then subtract the cost price of the new machine.

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If you need any clarification do comment.

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