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Asked Feb 15, 2020
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Chapter 11 - Question 17 (a) What information is presented in a statement of retained earnings? (b) What information is presented in a statement of stockholders’ equity?

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Step 1 (a)

The statement of retained earnings reports the beginning retained earnings and all the changes which led to ending retained earnings. In order to attain the ending retained earnings, the net income from income statement is added and the dividends are deducted from...

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