The total change in cash as shown near the bottom of thestatement of cash flows for the year should agree withwhich of the following?a. The difference in Retained Earnings when reviewingthe comparative balance sheet.b. Net income or net loss as found on the income statement.c. The difference in cash when reviewing the comparativebalance sheet.d. None of the above.

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 14MCQ
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The total change in cash as shown near the bottom of the
statement of cash flows for the year should agree with
which of the following?
a. The difference in Retained Earnings when reviewing
the comparative balance sheet.
b. Net income or net loss as found on the income statement.
c. The difference in cash when reviewing the comparative
balance sheet.
d. None of the above.

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