Harrison Company Uses the Indirect Method to Prepare Its Statement

question 23

Multiple Choice

Harrison Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for the year 2014: 1) Retained Earnings, beginning balance, $138,000
2) Retained Earnings, ending balance, $125,000
"3) Company reported net loss of $13,000 for the year.
What was the amount of dividends declared during the year?"

• A)$4,000
• B)$2,000
• C)Zero
• D)$3,000

---

Definitions:

Facial Expressions

The movements or positions of the muscles beneath the skin of the face, serving as non-verbal communication signals of emotion.

Six Emotions

A concept referring to the theory that there are six basic emotions that are universally experienced in all human cultures: happiness, sadness, fear, anger, surprise, and disgust.

Stereotypes

Oversimplified generalizations about a group of people that often ignore individual differences and are sometimes inaccurate.