Which of the following would appear first in a statement of retained earnings?
A)Net income.
B)Prior period adjustment.
C)Cash dividends.
D)Share dividends.

Name: Which of the following would appear first in a statement of retained earnings? A)Net income. B)Prior period adjustment. C)Cash dividends. D)Share dividends.
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Question

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The statement of retained earnings begins with the opening balance, which is adjusted for any prior period adjustments before accounting for net income and dividends.

Which of the Following Would Appear First in a Statement