Question
In 2017, Dickens Company had a beginning balance in its Cash Dividend Payable account of $5,000 and an ending balance of $4,000. During 2017, the
In 2017, Dickens Company had a beginning balance in its Cash Dividend Payable account of $5,000 and an ending balance of $4,000. During 2017, the only dividends Dickens declared were $46,000 in cash to the common stockholders. How much cash was paid to the common stockholders?
a.$46,000
b.$45,000
c.$47,000
d.$1,000
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
