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,$142,000
2.Retained Earnings,ending balance,$121,000
3.There is a net loss of $15,000 for the year.
What is the amount of dividends declared during the year?
A) $36,000
B) $13,000
C) $6,000
D) $15,000
Correct Answer:
Verified
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