The major difference in the statement of retained earnings between a service business and a merchandising...

 

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The major difference in the statement of retained earnings between a service business and a merchandising business is that the retained earnings statement of a merchandisi. business shows the Cost of Goods Sold. B) that the retained earnings statement of a merchandising business includes Dividends. C) nothing. There are no differences between the two. D) that the retained earnings statement of a service business includes Dividends. The major difference in the statement of retained earnings between a service business and a merchandising business is that the retained earnings statement of a merchandisi. business shows the Cost of Goods Sold. B) that the retained earnings statement of a merchandising business includes Dividends. C) nothing. There are no differences between the two. D) that the retained earnings statement of a service business includes Dividends.

Answer rating: 100% (QA)

The option c is right option Explanation Retained Earnings shows ... View the full answer