A statement of retained earnings shows:
A. The changes in the Cash account occurring during the accounting period.
B. The revenue, expense, and dividends of the period.
C. The types of assets which have been purchased with the earnings retained during the accounting period.
D. The changes in the Retained Earnings account occurring during the accounting period.
D
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________ characterize purchasing situations in which something has changed since the last purchase
A) Straight rebuys B) Modified rebuys C) New-task purchase D) Repetition purchase
One of the purposes of estray statutes is to:
A) To determine whether found property is lost or mislaid property. B) Deprive careless people of their property as punishment for losing it. C) To allow the state to gain title to lost or mislaid property. D) Allow finders of lost or mislaid property to acquire clear title if certain requirements are met, thus preventing the original owner from reclaiming it.