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 correct?
A. $40,251 would be added when determining cash flows from financing activities.
B. $5,813 would be subtracted when determining cash flows from financing activities.
C. $34,438 would be added when determining cash flows from financing activities.
D. $321,975 would be added when determining cash flows from operating activities.
Answer: B
You might also like to view...
When using slide builds, you should
A) limit them to text; they are not appropriate for graphics. B) vary the direction: sometimes from top to bottom, sometimes from left to right. C) reveal information in a way that helps your audience understand your message. D) set them up so that each letter of the text on a slide appears one at a time. E) incorporate hyperlinks.
Why did M1 grow so rapidly in the early 1990s, whereas M2 did not?
What will be an ideal response?
Which of the following should be included in a well-developed, ethical communication?
A) Copyrighted material B) Someone else's creative product, but only in your own words C) All relevant information, even if it may be negative D) Visual aids that emphasize some information while minimizing other information E) Statistics and other relevant data that support the reason for the communication
What are network protocols? What functions do they perform?