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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
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 | $ 135,500 |
Cash dividends declared for the year | 55,500 |
Proceeds from the sale of equipment | 90,500 |
Gain on the sale of equipment | 8,900 |
Cash dividends payable at the beginning of the year | 27,500 |
Cash dividends payable at the end of the year | 31,400 |
Net income for the year | 101,500 |
The amount of cash dividends paid during the year would be: |
$267,000.
$271,100.
$295,000.
$193,000.
$51,600.
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