In the Statement of Cash Flows, Changes in Retained Earnings

question 28

Multiple Choice

In the statement of cash flows, changes in retained earnings are reported as two separate line items, which are __________ and ___________.

• A)revenues and expenses
• B)assets and liabilities
• C)depreciation and amortization
• D)net profits and taxes
• E)none of the above

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Definitions:

Looking-Glass Self

A concept in sociology that suggests an individual's self-concept is shaped by how they believe others perceive them.

Compensatory Consumption

The theory suggesting individuals purchase products or services to offset deficiencies or fulfill needs in their lives.

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Self-Esteem Crisis

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