A summary of the changes in the retained earnings equity that have occured DURING A SPECIFIC PERIOD OF TIME, such as a month or a year, is the ___________.

The balance sheet of a business summarizes an entity's revenues and expenses

Indicate whether the statement is true or false

When the public relations department issues a statement saying, "Our competitors deliberately made misstatements about the correct way to use our product, and people were injured as a result" it is an example of:

A) expression of innocence B) excuse C) rationalization D) justification