Taylor Company follows the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Note: Net Income for the year was $89,000. Based on the above information, calculate the dividends declared during the year 2014.
A)$3,000
B)$89,000
C)$65,000
D)$24,000

Question

Taylor Company follows the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet:  Note: Net Income for the year was $89,000. Based on the above information, calculate the dividends declared during the year 2014.
A)$3,000 
B)$89,000 
C)$65,000 
D)$24,000

Quizplus · Accepted Answer

The Answer of Taylor Company follows the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet:  Note: Net Income for the year was $89,000. Based on the above information, calculate the dividends declared during the year 2014.
A)$3,000 
B)$89,000 
C)$65,000 
D)$24,000

Taylor Company Follows the Indirect Method to Prepare Its Statement