Which financial statement would you analyze to determine if a company distributed any of its profits to its shareholders?
A)Balance sheet
B)Statement of retained earnings
C)Income statement
D)Statement of cash flows

Question

Quizplus · Accepted Answer

The statement of retained earnings shows how a company's net income has been allocated between dividends paid to shareholders and retained earnings. Therefore, analyzing this statement would provide information on whether a company has distributed any of its profits to its shareholders.

Which Financial Statement Would You Analyze to Determine If a Company