The Retained Earnings Account Has a Beginning Balance of $321,975

question 110

Multiple Choice

The retained earnings account has a beginning balance of $321,975 and an ending balance of $356,413.Net income is $40,251.Which of the following statements is true?

• A)$5,813 would be subtracted when determining cash flows from financing activities.
• B)$40,251 would be added when determining cash flows from financing activities.
• C)$34,438 would be added when determining cash flows from financing activities.
• D)All of the answers are acceptable. Dividends would be reported as cash outflows from financing activities.

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