Calculator Cash dividends of $73,863 were declared during the year. Cash dividends payable were $10,758 and $16,407 at the beginning and end of the year, respectively. Determine the amount of cash for the payment of dividends during the year. Select the correct answer. $63,105 $73,863 $90,270 $68,214 4:11PM 12/20/2019

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Cash dividends of $73,863 were declared during the year. Cash dividends payable were $10,758 and $16,407 at the
beginning and end of the year, respectively. Determine the amount of cash for the payment of dividends during the year.
Select the correct answer.
$63,105
$73,863
$90,270
$68,214
4:11PM
12/20/2019
Transcribed Image Text:Calculator Cash dividends of $73,863 were declared during the year. Cash dividends payable were $10,758 and $16,407 at the beginning and end of the year, respectively. Determine the amount of cash for the payment of dividends during the year. Select the correct answer. $63,105 $73,863 $90,270 $68,214 4:11PM 12/20/2019
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