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The following information is available for Cyrus Corp. What amount of cash was paid for dividends during 2018? 2018 2017 Net Income $84,000 $84,500 Cash
The following information is available for Cyrus Corp. What amount of cash was paid for dividends during 2018?
2018 | 2017 | |
Net Income | $84,000 | $84,500 |
Cash & Cash Equivalents | 13,600 | 12,200 |
Common Stock | 90,000 | 70,000 |
Retained Earnings | 74,000 | 49,000 |
a.) $109,500 b.) $109,000 c.) $59,500 d.) $59,000
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