In the statement of cash flows,retained earnings are reported as two separate line items,which are __________ and ___________.
A)revenues and expenses
B)assets and liabilities
C)depreciation and amortization
D)net profits and taxes
E)none of the above

Question

Quizplus · Accepted Answer

Retained earnings are not reported as two separate line items in the statement of cash flows. Retained earnings are reported on the balance sheet, which is a separate financial statement from the statement of cash flows. The statement of cash flows only reports the cash inflows and outflows during a period of time, categorized into operating, investing, and financing activities.

In the Statement of Cash Flows,retained Earnings Are Reported as Two