Harrison Recyclers Company Uses the Indirect Method to Prepare Its

question 90

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,$142,000
2.Retained Earnings,ending balance,$121,000
3.There is a net loss of $15,000 for the year.
What is the amount of dividends declared during the year?

• A)$36,000
• B)$13,000
• C)$6,000
• D)$15,000

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually comes to trigger a conditioned response.

Parietal Lobe

A region of the brain associated with processing sensory information and spatial orientation.

Central Hippocampus

Often simply referred to as the hippocampus, a major component of the brain that plays critical roles in the consolidation of information from short-term to long-term memory and in spatial memory that enables navigation.

Occasion-Setting Stimuli

Stimuli that modify the significance of other stimuli regarding their ability to elicit responses through a learning process.