Cash dividends of $72,033 were declared during the year. Cash dividends payable were $9,850 at the beginning of the year and $14,768 at the end of the year. The amount of cash paid for dividends during the year is a. $67,115 b. $62,183 c. $72,033 d. $86,801

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Cash dividends of $72,033 were declared during the year. Cash dividends payable were $9,850 at the beginning of
the year and $14,768 at the end of the year. The amount of cash paid for dividends during the year is
a. $67,115
b. $62,183
c. $72,033
d. $86,801
Transcribed Image Text:Cash dividends of $72,033 were declared during the year. Cash dividends payable were $9,850 at the beginning of the year and $14,768 at the end of the year. The amount of cash paid for dividends during the year is a. $67,115 b. $62,183 c. $72,033 d. $86,801
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