Cash dividends of $72,033 were declared during the year. Cash dividends payable were $9,850 at the beginning ofthe year and $14,768 at the end of the year. The amount of cash paid for dividends during the year isa. $67,115b. $62,183c. $72,033d. $86,801

Step 1: Method for calculation of dividend paidDividend paid during the year will include the…

Answered: Cash dividends of $72,033 were declared…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 11E

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Cash dividends of $72,033 were declared during the year. Cash dividends payable were $9,850 at the beginning of the year and $14,768 at the end of the year. The amount of cash paid for dividends during the year is a. $67,115 b. $62,183 c. $72,033 d. $86,801