Dividends payable increased by ($ 20,000) during a year in which total dividends declared were ($ 120,000).

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Dividends payable increased by $\$ 20,000$ during a year in which total dividends declared were $\$ 120,000$. What amount appears for dividends paid in the statement of cash flows?

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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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Question Posted: Jun 16, 2024 04:23 AM

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Dividends payable increased by ($ 20,000) during a year in which total dividends declared were ($ 120,000).

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Financial Accounting A Business Perspective

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