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:

Level of Awareness

The extent to which an individual is conscious of aspects of their environment or personal experiences.

Automatic Processing

The ability of the brain to perform tasks with little or no conscious thought, often developed through repetitive practice and learning.

Complete Lack

The total absence of a certain element, quality, or substance.

Executive Function

Higher-order, complex cognitive processes, including thinking, planning, and problem solving.