Harrison Recyclers Company uses the indirect method to prepare its statement of cash flows.Refer to the following information for 2017: 1.Retained Earnings,beginning balance,$138,000
2.Retained Earnings,ending balance,$122,000
3.There is a net loss of $15,000 for the year.
What is the amount of dividends declared during the year?
A) $31,000
B) $2,000
C) $1,000
D) $16,000
Correct Answer:
Verified
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