Match the words with the term.
-statement of retained earnings
A) cash inflow
B) investing activities
C) gross profit
D) cash outflow
E) beginning balance

Question

Quizplus · Accepted Answer

The statement of retained earnings typically starts with the beginning balance of retained earnings, which is the amount of retained earnings at the start of the period. This statement does not directly involve cash inflow, investing activities, gross profit, or cash outflow.

Match the Words with the Term