Question: Utah Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Utah Corp.

Utah Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Utah Corp. Comparative Balance Sheet December 31, 2024 and 2023 Cash Accounts Receivable Merchandise Inventory Total Assets 2024 2023 Increase /(Decrease) $45,000 $27,000 $18,000 48,000 45,000 3,000 180,000 132,000 48,000 $273,000 $204,000 $69,000 How will the change in Merchandise Inventory be shown on the statement of cash flows? A. subtraction from net income under the operating activities section B. positive cash flow under the financing activities section C. addition to net income under the operating activities section OD. negative cash flow under the investing activities section Boston Recyclers Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2025: 1. Retained Earnings, beginning balance, $141,000 2. Retained Earnings, ending balance, $120,000 3. There is a net loss of $13,000 for the year. What is the amount of dividends declared during the year? A. $8,000 B. $14,000 C. $34,000 O D. $4,000

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