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which of the following changes in retained earnings during a period will be reported in the financing activities section of the statement of cash flows?

which of the following changes in retained earnings during a period will be reported in the financing activities section of the statement of cash flows?

  1. Declaration and payment of a cash dividend during the period.
  2. Net income for the period.

a. Both 1 and 2.

b. Neither 1 or 2.

c. 1.

d. 2.

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