The accountant for Huckleberry Company is preparing the companys statement of cash

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:

Retained earnings balance at the beginning of the year	$151,000
Cash dividends declared for the year	$ 46,000
Net income for the year	$ 92,000

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

Answer

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