Question

The retained earnings statement shows all of the following except the amount of dividends paid during the period. the changes in retained earnings during the period. the amount of expenses incurred during the period. the amount of net income or net loss during the period.

Answer 1

Answer:

the amount of expenses incurred during the period

Explanation:

Retained earnings are a  part of a company's income that has not been distributed to shareholders as dividends. When management opts not to distribute all of the company's earnings as dividends, the portion not shared out is the retained earnings.

The retained earnings statement shows the accumulated amount of retained earnings up to the current period. It indicates the total earnings, the dividend paid out, and the retained earnings for the current financial year. The retained earnings statement does not feature expenses. Expenses are accounted for in the income statement that shows profits or loss for the period