The total change in cash shown on the statement of cash flows for the year should agree
Question:
The total change in cash shown on the statement of cash flows for the year should agree with which of the following?
a. The difference in Retained Earnings when reviewing the comparative balance sheet.
b. Net income or net loss as found on the income statement.
c. The difference in cash when reviewing the comparative balance sheet.
d. None of the above.
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Option A is not considered appropriate since the change in retained earnings is due to vario...View the full answer
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Related Book For 
Fundamentals Of Financial Accounting
ISBN: 9781265440169
7th Edition
Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby
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