The change in retained earnings is affected by which of the following?
Select one:_________
a. Payment of dividends and common stock.
b. Net income and common stock.
c. Net income and payment of dividends.
d. Net income and paid-in capital.

The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

And, the ending balance of the common stock = Beginning balance of common stock + issued shares

Hence, the appropriate option is c.

The change in retained earnings is affected by which of the following? Select one:_________ a. Payment of dividends and common stock. b. Net income and common stock. c. Net income and payment of dividends. d. Net income and paid-in capital.

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The change in retained earnings is affected by which of the following?
Select one:_________
a. Payment of dividends and common stock.
b. Net income and common stock.
c. Net income and payment of dividends.
d. Net income and paid-in capital.