Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 02, 2024

Cash dividends of $86,917 were declared during the year. Cash dividends payable were $9,702 at the beginning of the year and $15,313 at the end

Cash dividends of $86,917 were declared during the year. Cash dividends payable were $9,702 at the beginning of the year and $15,313 at the end of the year. The amount of cash for the payment of dividends during the year is

a.$102,230

b.$86,917

c.$81,306

d.$77,215

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dynamics Of International Finance

Authors: Ruchi Mehrotra Joshi

1st Edition

1685078389, 978-1685078386

More Books

Students also viewed these Finance questions

Question

★★★★★

Magnesium sulfate has a number of uses, some of which are related to the ability of the anhydrate form to remove water from air and others based on the high solubility of the heptahydrate (MgSO 4 7H...

Answered: 1 week ago

Question

★★★★★

Determine if the sequence is arithmetic, geometric, or neither. f(n) = 3(2)"

Answered: 1 week ago

Question

★★★★★

127. Let X the time it takes a read/write head to locate a desired record on a computer disk memory device once the head has been positioned over the correct track. If the disks rotate once every 25...

Answered: 1 week ago

Question

★★★★★

A company manufactures mechanical heart valves from the heart valves of pigs. Different heart operations require valves of different sizes. The company purchases pig valves from three different...

Answered: 1 week ago

Question

★★★★★

On January 1st, 2021, Bayshore Boats, Inc. had 60,000 shares of common stock outstanding. On March 1st the corporation issued 10,000 additional common shares to raise cash. On May 1st, the...

Answered: 1 week ago

Question

★★★★★

Question 3. You will receive $50 at the beginning of each month for the next 10 years. At the end of 10 years you will receive a final payment of $500. What is the present value of that cash flow if...

Answered: 1 week ago

Question

★★★★★

Define Decision making

Answered: 1 week ago

Question

★★★★★

What are the major social responsibilities of business managers ?

Answered: 1 week ago

Question

★★★★★

What are the skills of management ?

Answered: 1 week ago

Question

★★★★★

Which of these chemicals is used as a water softening agent? [A] Baking soda [B] Washing soda [C] Bleaching powder [D] Slaked lime

Answered: 1 week ago

Question

★★★★★

Which of these chemicals is used to form soaps containing sodium salts? [A] Sulphuric acid [B] Sodium hydroxide [C] Nitric acid [D] Carbonic acid

Answered: 1 week ago

Question

★★★★★

V. Conclusion and follow-up A. Take any questions or concerns B. Establish next meeting time and what should be accomplished by then?

Answered: 1 week ago

Question

★★★★★

3 As the groups leader, do you have a responsibility to these interns to ensure that they get the most from their internship experience?

Answered: 1 week ago

Question

★★★★★

How do cognitive, psychological, and social forces affect decision making in groups youre currently involved in? Have these forces ever caused your group to make a poor decision? If so, how?

Answered: 1 week ago

Previous Question Next Question