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1-3-8 Which of the following changes in retained earnings during a period will be reported in...

1-3-8

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.

1.

2.

Neither 1 nor 2.

Both 1 and 2.
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Answer #1

Option (1) is correct

Declaration and payment of cash dividend during the period will be reported under the financing section of statement of cash flows

Where as Net Income will be reported under the Operating activities section while preparing cash flow from operating activities through indirect method.

Note : Do comment for any further clarifications

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