MC Qu. 148 The accountant for Huckleberry...

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	$	163,000
Cash dividends declared for the year		50,800
Net income for the year		98,000

What is the ending balance for retained earnings?

Multiple Choice

$261,000.

$14,200.

$210,200.

$282,000.

$112,200.

MC Qu. 139 A company reported that its...

A company reported that its bonds with a par value of $50,000 and a carrying value of $63,500 are retired for $67,800 cash, resulting in a loss of $4,300. The amount to be reported under cash flows from financing activities is:

Multiple Choice

$(67,800).

$(13,500).

$(63,500).

$13,500.

$(4,300).