Harrison Company uses the indirect method to prepare its statement of cash flows. Please refer to the following information for the year 2014:
• Retained earnings, beginning balance: $125,000
• Retained earnings, ending balance: $117,000
Company reported net loss of $8,000 for the year.
What was the amount of dividends paid during the year?
A) $5,000
B) $2,000
C) Zero
D) $3,000
Correct Answer:
Verified
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