The amount for dividends is included on the following: a. Balance sheet and income statement b. Income statement and statement of retaining earnings c. Balance sheet and statement of retained earnings d. Statement of retained earning only.

Which of the following best explains the purpose of a supply schedule? a. to calculate how much time it takes for distribution. b. to indicate how supply and demand relate to price. c. to show the relationship between quantity supplied and prices. d. to demonstrate how the supply decreases as price increases.