1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
The following selected transactions were taken from the records of Shipway Company for the first year of its operations ending D
alexdok [17]

Answer:

The year-end adjusting entries for the uncollectible accounts will be:

April 13:

Debit Allowance for doubtful accounts             $6,530

Credit Accounts receivable                                $6,530

<em>(To record write-off of accounts receivable - Dean Sheppard)</em>

May 15:

Debit Cash                                                          $3,270

Credit Accounts receivable                               $3,270

<em>(To record collection on account - Dan Pyle)</em>

Debit Allowance for doubtful accounts            $5,410

Credit Accounts receivable                               $5,410

<em>(To record write-off of accounts receivable - Dan Pyle)</em>

July 27:

Debit Accounts receivable                                $6,530

Credit Allowance for doubtful accounts           $6,530

<em>(To re-establish accounts receivable from Dean Sheppard)</em>

Debit Cash                                                          $6,530

Credit Accounts receivable                               $6,530

<em>(To record collection on account - Dean Sheppard)</em>

December 31:

Debit Allowance for doubtful accounts           $13,330

Credit Accounts receivable                              $13,330

<em>(To record write-off of accounts receivable - Miscellaneous)</em>

Explanation:

  • April 13: Shipway Company wrote-off account of Dean Sheppard, this means there would be a reduction in both allowance for doubtful accounts and accounts receivable.
  • The receipt on May 15 of $3,270 reduced the accounts receivable but increased cash. However, the write-off of $5,410 caused a reduction in both the allowance account and accounts receivable.
  • When there was a receipt of $6,530 on July 27, the accounts receivable would be reinstated and then adjusted for the cash receipt.
  • Lastly, the write-off of the uncollectible accounts from miscellaneous customers were added up to arrive at $13,330.
8 0
3 years ago
The US agricultural sector experienced a severe drought in 2012. A drought decreases the supply of agricultural products, which
Nataliya [291]

Answer:

True

Explanation:

Exceptionally good weather will guarantee a good yield in crops. This will lead to an increase in supply of produce to the market, and when supply increases, the supply curve shifts to the right.

This is simply because there are more products and more sellers, and this will result in more supply.

5 0
3 years ago
Max points can water be wet
Montano1993 [528]
No water can't be wet
8 0
3 years ago
Read 2 more answers
What identifies the pattern used for each data series in a chart
goldenfox [79]
<span>a legend identifies the pattern

</span>
8 0
3 years ago
How do world population and market statistics support the expansion of u.s. businesses into global markets?
ratelena [41]
<span>Countries with fast-grouwing populations have a large pool of workers for businesses to tap. These countries will be looking for businesses to invest in their areas, employing people and letting them produce goods and services that will bring dollars into the local economies, strengthening them and allowing the countries to catch up with other nations.</span>
8 0
3 years ago
Other questions:
  • An organization's _____ describes what the organization actually does—the products and services it plans to provide, and the mar
    8·1 answer
  • What is the safetest way to dispose of old bank account statements?
    12·1 answer
  • Rural internet access, with one dominant provider that faces very little competition, is a good example of – market. it function
    6·2 answers
  • How do surpluses and shortages help establish the equilibrium price ?
    10·1 answer
  • Current news and politics is full of concern about the environment, particularly as it is related to oil use and the auto indust
    13·1 answer
  • Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated
    7·1 answer
  • Sushi corp. purchased and installed electronic payment equipment at its drive-in restaurants in san marcos, tx, at a cost of $51
    15·1 answer
  • Where would you find the Create Table Dialog Box?
    9·1 answer
  • What kind of environmental damage is associated with the following paper mill activities?
    8·1 answer
  • from 7 pm to midnight only percent of the personal and commercial vehicles on the streets and highways are being driven for econ
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!