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please answer 1-3 1. Which of the following is the correct method to calculate ending retained earnings? a. Net income + Dividends - Beginning RE
please answer 1-3
1. Which of the following is the correct method to calculate ending retained earnings? a. Net income + Dividends - Beginning RE b. Beginning RE + Net Income - Dividends c. Net Income - Dividends - Beginning RE 2. Which of the following effects of an increase in depreciation expense are true? a. An increase in Operating Cash Flows b. An decrease in Net Income c. A reduced tax liability d. All of the above e. Both A and C but not B 3. Which of the following cannot be found on the balance sheet? a. Owner's equity b. Retained earnings c. Net income d. Net fixed assetsStep by Step Solution
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