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$151,000Cash dividends declared for the year 46,000Net income for the year 92,000What is the ending balance for retained earnings?
A. $197,000.
B. $13,000.
C. $105,000.
D. $264,000.
E. $243,000.
Answer: A
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Indicate whether the statement is true or false