MC Qu. 149 The accountant for Mandarin...

The accountant for Mandarin Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:

Retained earnings balance at the beginning of the year	$	1,069,000
Net income for the year		355,000
Cash dividends declared for the year		67,000
Retained earnings balance at the end of the year		1,757,000
Cash dividends payable at the beginning of the year		15,000
Cash dividends payable at the end of the year		18,500

What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows?

Multiple Choice

$100,500.

$3,500.

$63,500.

$70,500.

$67,000.

MC Qu. 146 The accountant for Crusoe...

The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:

Retained earnings balance at the beginning of the year	$	132,000
Cash dividends declared for the year		52,000
Proceeds from the sale of equipment		87,000
Gain on the sale of equipment		8,200
Cash dividends payable at the beginning of the year		24,000
Cash dividends payable at the end of the year		27,200
Net income for the year		98,000

What is the ending balance for retained earnings?

Multiple Choice

$260,000.

$208,000.

$178,000.

$186,000.

$288,000.