Which of the Following Changes in Retained Earnings During a Period

question 52

Multiple Choice

Which of the following changes in retained earnings during a period will be reported in the financing activities section of the statement of cash flows?
1) Declaration and payment of a cash dividend during the period.
2) Net income for the period.

• A) 1
• B) 2
• C) Neither 1 nor 2.
• D) Both 1 and 2.

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Definitions:

External Locus

A belief system where individuals attribute their success or failure to external factors or forces beyond their control.

External Locus of Control

The belief that one’s outcomes or fate are determined by external forces or luck rather than one’s own actions.

Mental and Physical Health

The overall condition or well-being of one’s mind and body, encompassing emotional, psychological, and physical aspects.

Exerting Effort

The act of applying physical or mental energy towards achieving a specific goal or task.