the statement of retained earnings reports the amount of dividends declared over a period of time. what is…
the statement of retained earnings reports the amount of dividends declared over a period of time. what is the source of the amount of dividends declared?\na. adjusted trial balance\nb. income statement\nc. cash dividend statement\nd. balance sheet
Answer
Brief Explanations:
The adjusted trial balance is a list of all accounts and their balances after adjusting entries have been made. It serves as the source for preparing financial statements, including the statement of retained earnings. The amount of dividends declared is taken from the adjusted trial balance. The income statement shows revenues and expenses. The cash dividend statement is not a standard financial statement. The balance sheet shows assets, liabilities, and equity at a specific point in time.
Answer:
A. Adjusted Trial Balance