Harrison Company Uses the Indirect Method to Prepare Its Statement

question 22

Multiple Choice

Harrison Company uses the indirect method to prepare its statement of cash flows. Please refer to the following information for the year 2014:
• Retained earnings, beginning balance: $125,000
• Retained earnings, ending balance: $117,000
Company reported net loss of $8,000 for the year.
What was the amount of dividends paid during the year?

• A) $5,000
• B) $2,000
• C) Zero
• D) $3,000

---

Definitions:

Racism

Prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that one's own race is superior.

Normal Part

Normal part refers to typical or standard elements within a system, framework, or model that are expected or deemed ordinary in the context of its overall structure.

Dominant Group

The social group in a society that holds the most power, often setting cultural norms and having privileged access to resources.

Critical Race Theory

An intellectual movement and a framework in legal and social sciences that emphasizes the examination of society and culture as they relate to categorizations of race, law, and power.