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. $5,813 would be subtracted when determining cash flows from financing activities.
B. $321,975 would be added when determining cash flows from operating activities.
C. $34,438 would be added when determining cash flows from financing activities.
D. $40,251 would be added when determining cash flows from financing activities.
Answer: A
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