When Preparing a Statement of Cash Flows, Retained Earnings Adjustments

question 2

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) Revenue and cost.
• B) Assets and liabilities.
• C) Depreciation and purchases.
• D) Net profits and dividends.

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Definitions:

Gay Community

A collective of individuals who identify as homosexual, often sharing a common culture and support system.

Support

The provision of assistance, encouragement, or resources to individuals or groups to help them cope with challenges, achieve goals, or improve their well-being.

Native American Families

Families belonging to the indigenous peoples of the United States, known for their rich traditions, cultures, and ties to their ancestral lands.

Grandmother

A parent of one's father or mother; a woman who contributes to the lineage by having descended kin.