Harrison Company uses the indirect method to prepare its statement of cash flows.Please refer to the following information for the year 2017: What was the amount of dividends paid during the year,assuming that there is no balance in the dividends payable account?
A) $5,000
B) $2,000
C) Zero
D) $3,000

Question

Harrison Company uses the indirect method to prepare its statement of cash flows.Please refer to the following information for the year 2017:  What was the amount of dividends paid during the year,assuming that there is no balance in the dividends payable account?
A) $5,000 
B) $2,000 
C) Zero 
D) $3,000

Quizplus · Accepted Answer

C) Calculations: $125,000 - $117,000 - $8,000 = 0

Harrison Company Uses the Indirect Method to Prepare Its Statement