The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: $\begin{array}{l|r}
\text { Retained earnings balance at the beginning of the year } &\$ 151,000 \
\hline \text { Cash dividends declared for the year }&46,000 \
\hline \text { Net income for the year }&92,000
\end{array}$
What is the ending balance for retained earnings?
A) $ \$ 243,000 $
B) $ \$ 197,000 $.
C) $ \$ 105,000 $.
D) $ \$ 13,000 $.
E) $ \$ 264,000 $

Question

Quizplus · Accepted Answer

The Answer of The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: $\begin{array}{l|r}
\text { Retained earnings balance at the beginning of the year } &\$ 151,000 \
\hline \text { Cash dividends declared for the year }&46,000 \
\hline \text { Net income for the year }&92,000
\end{array}$
What is the ending balance for retained earnings?
A) $ \$ 243,000 $
B) $ \$ 197,000 $.
C) $ \$ 105,000 $.
D) $ \$ 13,000 $.
E) $ \$ 264,000 $

The Accountant for Huckleberry Company Is Preparing the Company's Statement