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.$1,000
d.$47,000
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Financial Accounting A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards
7th Edition
0072289988, 978-0072289985
