Answer:
If I recall it may be called Revenue.
Explanation:
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Answer:
The statement would be:
Date: October 31, 2019
Net Income $680,700
Cash dividends $50,000
Stock dividends $127,000
Retained earnings $503,700
The retained earnings are equal to the sum of declared dividends substracted from the net income.
Scarcity exists because people's wants for goods and services are greater than the number of products that can be made from available resources
