Harrison Company Uses the Indirect Method to Prepare Its Statement

question 41

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: What was the amount of dividends paid during the year?

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

---

Definitions:

Population Average

The mean value of a characteristic within an entire population.

Standard Error

The standard deviation of the sampling distribution of a statistic, often used to estimate the accuracy of a sample mean compared to the population mean.

Sample Mean

The average of all observed values in a sample from a population.

Level of Significance

A statistical measure that determines the threshold at which a hypothesis test results in a rejection of the null hypothesis.