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
Margaret [11]
3 years ago
7

The purpose of a statement of retained earnings is to: __________.

Business
1 answer:
marusya05 [52]3 years ago
4 0

Answer:

To determine the closing balance of retained earnings

Explanation:

First and foremost, retained earnings are an important part of the shareholders' equity. In a bid to ascertain the correct position of total shareholders' equity at year-end, it is important that a statement of retained earnings reconciling the opening retained with net income and dividends declared during the year is prepared.

The balance at the end of the year is the total accumulated earnings which have not been distributed to shareholders as dividends or which may be used to finance projects that increase shareholders' wealth

You might be interested in
Which of the following is a source that businesses use to develop standards:
ira [324]

Answer:

Suppliers

Explanation:

Suppliers are the main factor to achieve quality standards and to develop standards which lead to competitive advantage in the market. Business use suppliers to develop standards by hiring the best suppliers who give quality input or raw material. It’s all about making sure that your supplier is meeting the required standards and making sure they company with all the relevant laws.

4 0
3 years ago
Because advertising is often designed to add ________ value to a product or brand, it plays a more important communications role
nikdorinn [45]

Answer:

Psychological value

Explanation:

Psychological value :

In  psychology Value alludes to the relative significance that an individual places on a thing, thought, individual.

The term value has two related at this point particular implications. In its social-mental significance, conversely, a worth is a dynamic, attractive end express that individuals take a stab at or plan to maintain, for example, opportunity, dedication, or convention.

7 0
3 years ago
What will you need to create a lemonade stand?
ZanzabumX [31]

Answer:

um....

1. u need cups

2.  a container

3. a table

4. paper towels

5. duck tape to hold the stand and i guess the sign

6. a donation cup

7. ur costumers

4 0
3 years ago
Read 2 more answers
To barter means to____?<br><br> 1. create.<br> 2. trade.<br> 3. earn.
kicyunya [14]
The correct answer is exchange or trade
7 0
3 years ago
Read 2 more answers
What is the starting salary for a bookseller? it's for a project. ​
wel

Answer:

$18k–36kper year

Explanation:

3 0
3 years ago
Other questions:
  • ___ integrity tests indirectly estimate employee honesty by measuring psychological traits.
    10·1 answer
  • Choose one of the scenarios below and write a three-paragraph essay describing its effect on prices for food, housing, and oil.
    5·1 answer
  • The newly opened Stone Restaurant was unable to attract a lot of customers. Since the owner of the restaurant had to pay back th
    14·1 answer
  • Which domain suffixes do businesses that sell products and services commonly use? Check all that apply.
    9·2 answers
  • An electronics company is trying to decide how many new computers it should produce for export to China. Which factor would most
    15·2 answers
  • Which of the following best describes a project stakeholder
    7·1 answer
  • What is inflation? an increase in the amount of money in circulation an increase in the overall price level a decrease in the ov
    9·1 answer
  • Giving 100 points and brainley for dumb answers
    5·2 answers
  • During the annual Black Friday Sale, The OLX sold a pair of ski boots, regularly priced at $245.00, at a discount of 40%. The bo
    5·1 answer
  • An IAC (industrially advanced country) had a per capita income of $44,000, while a DVC (developing country) had a per capita inc
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!