Where can one find the inventory method used by a particular company? In the audit report In the statement of shareholder's equity In the notes to the financial statements In the income statement Retained earnings refers to The amount of net income retained in the corporation None of the other choices are correct. Cash and other assets Common stock that the firm can distribute as dividends What does the balance sheet summarize for a company? Operating results for an accounting period. Financial position at the end of an accounting period. Profit or loss at the end of accounting period. Financing and investing activities for an accounting period