The production manager projects direct labor costs

Taylor Chemicals Company follows the indirect method to prepare its statement of cash flows

Refer to the following portion of the comparative balance sheet: Taylor Company Comparative Balance Sheet December 31, 2017 and 2016 2016 2015 Increase/(Decrease) Common Stock $34,000 $2,100 $31,900 Retained Earnings 156,000 94,000 62,000 Treasury Stock (8,300 ) (5,200 ) (3,100 ) Total Equity $181,700 $90,900 $90,800 Net Income for the year was $89,000. Based on the above information, determine the amount of dividends declared during 2016. A) $3,100 B) $89,000 C) $62,000 D) $27,000

The fact that e-commerce is conducted on the basis of universal standards increases search costs for consumers

Indicate whether the statement is true or false