When Preparing a Statement of Cash Flows, Retained Earnings Adjustments

question 25

Multiple Choice

When preparing a statement of cash flows, retained earnings adjustments are required so that which of the following are separated on the statement?

• A) net income and dividends
• B) revenue and cost
• C) amortization and purchases
• D) assets and liabilities

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Definitions:

Prospect's Objection

Concerns or reasons given by a potential buyer for hesitating or declining to purchase a product or service.

FAB Sequence

A sales technique that highlights the Features, Advantages, and Benefits of a product or service to the customer.

Major

In the context of education, it refers to a student's primary field of study or specialization in college or university.

Minor Objections

Smaller or less significant concerns expressed by a potential buyer, often seen as easier to overcome in the sales process.