The statement of reports the changes in retained earnings as well as paid-in capital. (Enter one word per blank.)

Retained earnings are a component of:

The statement of financial position:Group of answer choicessummarises the changes in retained earnings for a specific period of time.reports changes in assets, liabilities, and equity over a period of time.reports assets, liabilities, and equity at a specific point in time.presents revenues and expenses for a specific period of time.

Retained earnings represent:a. Cash available for distribution to shareholdersb. Accumulated net income of the companyc. Shareholders' investments in the companyd. Amount owed to creditors

Retained earnings reflect:Question 4Answera.The total debt owed by the companyb.The market value of the company's common stockc.The initial investment made by ownersd.Profits earned by the company over time

What does a basic statement of retained earnings represent?Question 5Answera.An analysis of changes in retained earnings during a periodb.An analysis of stockholders' equityc.An analysis of cumulative lossesd.An analysis of net income