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    Statement of Retained Earning

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    The statement of changes in retained earning for the year shows:
    a) the retained earnings balance at the beginning of the year
    b) amounts received from the sale of additional common stock during the year
    c) extraordinary gains or losses during the year
    d) the effect of a stock split during the year.

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    The correct answer is a) the retained earnings balance at the beginning of ...

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    This solution discusses the statement of changes in retained earnings.

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