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
C .C)
You might also like to view...
Well Water Inc. wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $2.00 per 12 oz. bottle. The following data has been collected:
Annual sales 50,000 bottles Projected selling and administrative costs $8,000 Desired profit $70,000 The target cost per bottle is a) $0.60. b) $0.16. c) $0.40. d) $0.44.
What is one critical indication that an MPR campaign is becoming successful?
A) Journalists call for more information. B) Media mentions diminish significantly. C) A firm launches an advertising campaign. D) The media stop reporting your story. E) A firm develops a crisis communication plan.