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    Question

    Which of the following financial statements shows a company's retained earnings over time?

    A Balance sheet Correct Answer Incorrect Answer
    B Income statement Correct Answer Incorrect Answer
    C Statement of cash flows Correct Answer Incorrect Answer
    D Statement of changes in equity Correct Answer Incorrect Answer

    Solution

    The statement of changes in equity shows a company's retained earnings over time, as well as any changes in its capital structure.

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