Boston Recyclers Company Uses the Indirect Method to Prepare Its

question 22

Multiple Choice

Boston Recyclers Company uses the indirect method to prepare its statement of cash flows.Refer to the following information for 2019: 1.Retained Earnings,beginning balance,$139,000
2) Retained Earnings,ending balance,$120,000
3) There is a net loss of $15,000 for the year.
What is the amount of dividends declared during the year?

• A) $34,000
• B) $5000
• C) $4000
• D) $14,000

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Definitions:

Testes

The male reproductive organs that produce sperm and hormones, primarily testosterone.

Cavernous Bodies

Cavernous bodies are spongy tissues full of blood vessels found in several body parts, notably the penis and clitoris, facilitating erection when engorged with blood.

Penis

The male sexual organ of copulation in reptiles, mammals, and a few birds.

Ejaculatory Duct

is a tube through which semen enters the urethra in males during ejaculation.