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

Merchandising business is
A. that the retained earnings statement of a merchandising business includes dividends.
B. that the retained earnings statement of a merchandising business shows the cost of goods sold.
C. that the retained earnings statement of a service business includes dividends.
D. nothing. There are no differences between the two.

Similar Questions

What are the four main parts of a business that work together to achieve that business’s desired end goal?(1 point) Responses
1. 1 answer
Does retained earnings include investment capital?I thought no. I thought retained earnings is cumulative net income -
1. 2 answers
describe a balance sheet, income statement, retained earnings statement, and statement of cash flows?How does a company use
1. 2 answers
The amount for dividends is included on the following:a. Balance sheet and income statement b. Income statement and statement of
1. 0 answers