Cash dividends of $71,390 were declared during the year. Cash dividends payable were $10,752 at the...

Cash dividends of $71,390 were declared during the year. Cash dividends payable were $10,752 at the beginning of the year and $15,808 at the end of the year. The amount of cash for the payment of dividends during the year is a.$71,390 b.$60,638 c.$87,198 d.$66,334

Solutions

Expert Solution

Answer is D $66,334

Explanation as below:

Cash dividends payable at the beginning of the year $10,752

ADD: Cash dividends declared during the year $71,390

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Total $82,142

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LESS: Cash dividends at the end of the year $15,808

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The amount of cash for the payment of dividends during the year is $66,334

ekkarill92 answered 1 year ago

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