Harrison Recyclers Company Uses the Indirect Method to Prepare Its

question 88

Multiple Choice

Harrison Recyclers Company uses the indirect method to prepare its statement of cash flows.Refer to the following information for 2017: 1.Retained Earnings,beginning balance,$138,000
2.Retained Earnings,ending balance,$122,000
3.There is a net loss of $15,000 for the year.
What is the amount of dividends declared during the year?

• A)$31,000
• B)$2,000
• C)$1,000
• D)$16,000

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