Harrison Company Uses the Indirect Method to Prepare Its Statement

question 205

Multiple Choice

Harrison Company uses the indirect method to prepare its statement of cash flows.Please refer to the following information for the year 2017: What was the amount of dividends paid during the year,assuming that there is no balance in the dividends payable account?

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

---

Definitions:

Spelled Correctly

Indicates that words have been written with the proper arrangement of letters according to language standards or dictionary definitions.

Stipend

A fixed, regular payment, often provided to students, interns, or professionals for services rendered, usually not constituting a salary.

Spelled Correctly

The condition of having all letters in a word arranged in the correct sequence according to standard orthography.

Halfs

Incorrect plural form of "half," which refers to one of two equal parts that something can be divided into.