Question
Cash dividends of $50,000 were declared during the year. Cash dividends payable were $10,000 and $5,000 at the beginning and end of the year, respectively.
Cash dividends of $50,000 were declared during the year. Cash dividends payable were $10,000 and $5,000 at the beginning and end of the year, respectively. The amount of cash for the payment of dividends during the year is
a.$65,000
b.$60,000
c.$50,000
d.$55,000
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AML Auditing Understanding Global Custody Services
Authors: Bob Walsh
1st Edition
1539534367, 978-1539534365
