When using the spreadsheet (work sheet) method to analyze noncash accounts, it is best to start with

A) cash
B) net income
C) retained earnings
D) revenue

Question

When using the spreadsheet (work sheet)  method to analyze noncash accounts, it is best to start withA) cashB) net incomeC) retained earningsD) revenue

Dorothy Bagnol · Accepted Answer

Final Answer : C, Explanation :  When using the spreadsheet method to analyze noncash accounts, it is best to start with retained earnings. This is because the spreadsheet method involves adjusting net income for noncash items and analyzing how those adjustments impact retained earnings. Starting with retained earnings allows for a more cohesive and accurate analysis of the impact of noncash items on the company's financial performance.

When using the spreadsheet (work sheet) method to analyze noncash accounts, it is best to start with

A) cash
B) net income
C) retained earnings
D) revenue

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