Question
Dividends declared during the year were $48,000. The dividends payable account increased by $4,000. Which of the following will appear in the Financing Activities section
Dividends declared during the year were $48,000. The dividends payable account increased by $4,000. Which of the following will appear in the Financing Activities section of the statement of cash flows?
a.Dividends declared, $(48,000)
b.Cash paid for dividends, $(44,000)
c.Cash paid for dividends, $(52,000)
d.Change in dividends payable, $4,000
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Sound Investing, Chapter 11 - Crafty Comprehensive Income
Authors: Kate Mooney
1st Edition
0071719334, 9780071719339
