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Business, 18.12.2019 01:31 vanitycarraway2000

Tennessee moving company uses the indirect method to prepare its statement of cash f ows. refer to the following portion of t tennessee company comparative balance sheet december 31, 2018 and 2017 increase 2018 2017 decrease) common stock retained earnings treasury stock total stockholders' equity 000 $5,000 117,00088,000 (9,000)(5,000) 88,000 $24,000 29,000 (4,000) 49,000 137,000 if the net income for the year was $66,000, the company must have declared $37,000 as dividends during the year. o true â—‹ false

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