Citi Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Cash dividends declared for the year $ 40,000 Cash dividends payable at the beginning of the year 17,000 Cash dividends payable at the end of the year 13,000 The amount of cash paid for dividends was: $36,000. $40,000. $53,000. $57,000. $44,000.
Citi Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Cash dividends declared for the year $ 40,000 Cash dividends payable at the beginning of the year 17,000 Cash dividends payable at the end of the year 13,000 The amount of cash paid for dividends was: $36,000. $40,000. $53,000. $57,000. $44,000.
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.2E
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![Citi Company is preparing the company's statement of cash flows for the fiscal year just ended. The
following information is available:
Cash dividends declared for the year
$ 40,000
Cash dividends payable at the beginning of the year 17,000
Cash dividends payable at the end of the year
13,000
The amount of cash paid for dividends was:
$36,000.
$40,000.
$53,000.
$57,000.
$44,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffc676edf-5eaf-40c1-859d-3984f725e7ac%2Fc8193c5b-a6f6-4129-989f-971659b83cff%2Fg226hb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Citi Company is preparing the company's statement of cash flows for the fiscal year just ended. The
following information is available:
Cash dividends declared for the year
$ 40,000
Cash dividends payable at the beginning of the year 17,000
Cash dividends payable at the end of the year
13,000
The amount of cash paid for dividends was:
$36,000.
$40,000.
$53,000.
$57,000.
$44,000.
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