Question: Dividends declared increase assets. decrease retained earnings. increase expenses. decrease revenues. The statement of financial position summarizes the changes in shareholders' equity for a specific

The statement of financial position summarizes the changes in shareholders' equity for

Dividends declared increase assets. decrease retained earnings. increase expenses. decrease revenues. The statement of financial position summarizes the changes in shareholders' equity for a specific period of time. presents the revenues and expenses for a specific period of time. reports the assets, liabilities, and shareholders' equity at a specific date. reports the changes in assets, liabilities, and shareholders' equity over a period of time

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