Which financial statement would report all of the following information beginning balances for common stock and retained earnings: current period net income or loss: current period dividends: common stock issued during the year ending balances of common stock and retained earnings? O Retained earnings statement Balance sheet Income statement O Statement of stockholders equity O Comprehensive income statement Confidence Level Rate your confidence to submit your answer

Question

Business

Zoie Brown

19 May, 23:10

Which financial statement would report all of the following information beginning balances for common stock and retained earnings: current period net income or loss: current period dividends: common stock issued during the year ending balances of common stock and retained earnings? O Retained earnings statement Balance sheet Income statement O Statement of stockholders equity O Comprehensive income statement Confidence Level Rate your confidence to submit your answer

+3

Answers (1)

Know the Answer?

Jasmine Hood · Answer 1

Statement of stockholders equity

Explanation:

The statement of stockholder equity involves the common stock, preferred stock if any, treasury stock, and the retained earnings. The formula to compute the ending balances are shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income - cash dividend paid

And, the ending balance of the common stock = Beginning balance of common stock + preferred stock, if any + issued shares

And we deduct the treasury stock from the overall value that comes.