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0.5 pts Question 11 Which financial statement details the current years Net Income of a company and Dividends that were paid

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Answer #1

Answer : The Statement of Retained Earnings

Explanation : The format of statement of retained earnings is as follows :

Beginning retained earnings XX
(+) Current year's net income XX
(-) Dividends XX
Ending retained earnings XX

Thus, we can see that it shows the details of current year's net income as well as dividends.

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