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sunkiss22 sunkiss22
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The primary concern in determining whether retained earnings is correctly disclosed on the balance sheet is

▸ correct calculation of the net income or loss for the year.

▸ correct calculation of dividend payments for the year.

▸ whether prior-period adjustments have been made correctly.

▸ whether there are any restrictions on the payment of dividends.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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lulllull
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