Which of the Following Items Affecting Retained Earnings During a Period

question 119

Multiple Choice

Which of the following items affecting retained earnings during a period could be reported in the financing activities section of the statement of cash flows?

• A)cash dividends paid only
• B)net income for the period only
• C)both cash dividends paid and net income for the period
• D)neither cash dividends paid nor net income for the period

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Definitions:

Mediation

A form of alternative dispute resolution where a neutral third party helps disputing parties find a mutually acceptable solution.

Binding Power

The authority or influence certain agreements, decisions, or laws have that make them enforceable or obligatory.

Technical Teams

Groups of professionals with specialized skills and knowledge focused on achieving specific technological goals or resolving technical issues.

Outcome Fairness

A concept in ethics and law where the focus is on the fairness of the results of a decision or a process, ensuring that all participants receive equitable treatment.