The total change in cash shown on the statement of cash flows for the year should agree

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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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Fundamentals Of Financial Accounting

ISBN: 9781265440169

7th Edition

Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby

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Question Posted: Nov 03, 2021 01:19 AM

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The total change in cash shown on the statement of cash flows for the year should agree

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Option A is not considered appropriate since the change in retained earnings is due to vario...View the full answer

Fundamentals Of Financial Accounting

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