Calculate and identify cash flows. (LO 5) C&S Supply Inc. had ($ 125,000) of retained earnings at

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Calculate and identify cash flows. (LO 5)

C\&S Supply Inc. had \(\$ 125,000\) of retained earnings at the beginning of the year and a balance of \(\$ 150,000\) at the end of the year. Net income for the year was \(\$ 80,000\). What transaction occurred to cause the decrease in retained earnings? How would this decrease be shown on the statement of cash flows?

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Financial Accounting

ISBN: 9780131492011

1st Edition

Authors: Jane L. Reimers

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