New Orleans Chemicals Company follows the indirect method to prepare its statement of cash flows.Refer to the following portion of the comparative balance sheet: Net Income for 2018 was $92,000.
Based on the above information,determine the amount of dividends declared during 2018.
A)$3000
B)$92,000
C)$65,000
D)$27,000

Question

New Orleans Chemicals Company follows the indirect method to prepare its statement of cash flows.Refer to the following portion of the comparative balance sheet:  Net Income for 2018 was $92,000.
Based on the above information,determine the amount of dividends declared during 2018.
A)$3000 
B)$92,000 
C)$65,000 
D)$27,000

Quizplus · Accepted Answer

11ea8a75_4290_6feb_a2a1_5743a9272521_TB6701_00 11ea8a75_4290_96fc_a2a1_bbbfd0718659_TB6701_00

New Orleans Chemicals Company Follows the Indirect Method to Prepare