Which of the Following Statements Is Correct

question 70

Multiple Choice

Which of the following statements is correct?

• A)The statement of retained earnings always reports the same amount of dividend payments as does the statement of cash flows.
• B)The statement of cash flows has a relationship with the balance sheet.
• C)Dividends paid are reported on the statement of cash flows as an operating cash flow and on the income statement as a financing cash flow.
• D)Net income is reported on the income statement but not on the statement of retained earnings.

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Definitions:

Breeze

A gentle, light wind that is often considered refreshing and pleasant.

Excavated

The act of digging up or removing earth to uncover and discover something buried.

Mammoth

A large, extinct species of the elephant, known for its long curved tusks and considerable size, that lived during the Pleistocene epoch.

Hunter

A person who pursues and kills wild animals for food or sport.