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:
$\begin{array}{l|r}
\text { Retained earnings balance at the beginning of the year } & \$ 151,000 \
\text {Cash dividends declared for the year}& 46,000\
\text {Net income for the year}&92,000
\end{array}$

What is the ending balance for retained earnings?
A) $\$ 243,000$.
B) $\$ 197,000$.
C) $\$ 105,000$.
D) $\$ 13,000$.
E) $\$ 264,000$

Question

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:
 $\begin{array}{l|r}
\text { Retained earnings balance at the beginning of the year } & \$ 151,000 \
\text {Cash dividends declared for the year}& 46,000\
\text {Net income for the year}&92,000 
\end{array}$

What is the ending balance for retained earnings?
A) $\$ 243,000$.
B) $\$ 197,000$.
C) $\$ 105,000$.
D) $\$ 13,000$.
E) $\$ 264,000$

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:
 $\begin{array}{l|r}
\text { Retained earnings balance at the beginning of the year } & \$ 151,000 \
\text {Cash dividends declared for the year}& 46,000\
\text {Net income for the year}&92,000 
\end{array}$

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