Calculate and identify cash flows. (LO 5) C&S Supply Inc. had ($ 125,000) of retained earnings at
Question:
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?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: