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What is included in retained earnings and how does

1. What is included in retained earnings?

2. How does distributing assets (paying dividends) to owners affect the accounting equation?

3. What are the similarities and differences between dividends and expenses?

4. What four general-purpose financial statements do business enterprises use to communicate information to stakeholders?

5. Which of the general-purpose financial statements provides information about the enterprise at a specific designated date?

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Cost Accounting: What is included in retained earnings and how does

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