Question
Dopey, Inc. declared cash dividends of $777,635 during the year. Cash dividends payable were $218,222 at the beginning of the year and $333,447 at the
Dopey, Inc. declared cash dividends of $777,635 during the year. Cash dividends payable were $218,222 at the beginning of the year and $333,447 at the end of the year. The amount of cash Dopey, Inc. used for payment of dividends during the year was:
| a. | $662,410 | |
| b. | $777,635 | |
| c. | $995,857 | |
| d. | $1,329,304 |
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
8th edition
78025745, 978-0078025747
